Poundland owner sales rise as chain ‘outperforms’ high street
Pepkor Europe, owner of businesses including Poundland in the UK, has seen profits and revenue rise during the first half of its financial year.
Poundland reported revenue growth of 1.6% over the half year to March 31 to €920m and saw its store estate grow marginally to 875, up 0.5%.
The retailer said that Poundland delivered “positive total sales growth and continues to outperform the wider UK high street”, due to its “competitive differentiation from the introduction of clothing ‘shop-in-shops’,” and “measured product range extension to support a broader range of price points.”
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