Poundland owner sales rise as chain ‘outperforms’ high street

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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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