{"id":217545,"date":"2022-10-12T10:08:25","date_gmt":"2022-10-12T09:08:25","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=217545"},"modified":"2022-10-12T18:03:37","modified_gmt":"2022-10-12T17:03:37","slug":"pepco-owner-posts-sales-jump-amid-challenging-times","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/","title":{"rendered":"Pep&Co owner posts sales jump amid \u2018challenging times\u2019"},"content":{"rendered":"

Pep&Co<\/span><\/a> parent company Pepco has hailed strong sales despite \u201cchallenging times\u201d for customers, with demand remaining strong at its Pep&Co, Poundland and Dealz brands.
\n<\/strong><\/p>\n

It came as the retail group said total revenues grew by 17.4% to \u00a34.25 billion over the year to September, compared with the previous year.<\/p>\n

Trevor Masters, Chief Executive Officer of Pepco, said: \u201cThese are very challenging times for families across Europe and we remain absolutely committed to helping customers on a budget by offering great range, value and convenience \u2013 and we are confident this will enable us to expand our customer base going forward.\u201d<\/p>\n

The group, which runs around 3,900 stores across Europe including around 800 Poundland shops, said demand for products \u201cremains strong even against the backdrop of significant uncertainty in the macroeconomic environment\u201d.<\/p>\n

It added that the UK is \u201cchallenging\u201d as customers continue to see pressure on their disposable income.<\/p>\n

The company added: \u201cThat said, our value-led proposition becomes even more relevant in these challenging times and continues to drive new customers to our stores, expanding our target market, across Europe.\u201d<\/p>\n

On Wednesday, it confirmed that it grew its store estate by 516 over the past year, surpassing targets of 450 new stores. It now plans to accelerate its plans to open at least 550 net new stores over the new financial year.<\/p>\n

Mr Masters concluded: \u201cAfter another year of good progress, we are accelerating our profitable store expansion programme \u2013 our biggest source of value creation \u2013 and store refit strategy, helping to drive like-for-like sales growth. Following recent successful openings, we will be launching the Pepco brand in the new markets of Greece and Portugal in full-year 2023.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

[…]<\/p>\n","protected":false},"author":49,"featured_media":217553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[11222,18186,14491,35],"acf":[],"yoast_head":"\nPep&Co owner posts sales jump amid \u2018challenging times\u2019 - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Pep&Co parent company Pepco has hailed strong sales despite \u201cchallenging times\u201d for customers, with demand remaining strong at its Pep&Co,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pep&Co owner posts sales jump amid \u2018challenging times\u2019 - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"Pep&Co parent company Pepco has hailed strong sales despite \u201cchallenging times\u201d for customers, with demand remaining strong at its Pep&Co,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-12T09:08:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-12T17:03:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/10\/PEPCO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tom Shearsmith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tom Shearsmith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/\"},\"author\":{\"name\":\"Tom Shearsmith\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be\"},\"headline\":\"Pep&Co owner posts sales jump amid \u2018challenging times\u2019\",\"datePublished\":\"2022-10-12T09:08:25+00:00\",\"dateModified\":\"2022-10-12T17:03:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/\"},\"wordCount\":280,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Finance\",\"Pep and Co\",\"Pep&Co\",\"Retail\"],\"articleSection\":{\"1\":\"News & Insight\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/\",\"url\":\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/\",\"name\":\"Pep&Co owner posts sales jump amid \u2018challenging times\u2019 - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2022-10-12T09:08:25+00:00\",\"dateModified\":\"2022-10-12T17:03:37+00:00\",\"description\":\"Pep&Co parent company Pepco has hailed strong sales despite \u201cchallenging times\u201d for customers, with demand remaining strong at its Pep&Co,\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theindustry.fashion\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pep&Co owner posts sales jump amid \u2018challenging times\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theindustry.fashion\/#website\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"name\":\"TheIndustry.fashion\",\"description\":\"Fashion news, insights, podcasts and events for professionals from across the fashion sector.\",\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theindustry.fashion\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\",\"name\":\"TheIndustry.fashion\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"contentUrl\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"width\":585,\"height\":217,\"caption\":\"TheIndustry.fashion\"},\"image\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/theindustryfashion\/\",\"https:\/\/twitter.com\/theindustryfash\",\"https:\/\/www.instagram.com\/theindustryfashion\/\",\"https:\/\/www.linkedin.com\/company\/10970016\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be\",\"name\":\"Tom Shearsmith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g\",\"caption\":\"Tom Shearsmith\"},\"description\":\"Tom Shearsmith is the News Editor & Senior Writer at TheIndustry.fashion, joining the company in January 2019. Tom also produces the podcasts for TheIndustry.fashion\",\"sameAs\":[\"http:\/\/www.theindustry.fashion\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pep&Co owner posts sales jump amid \u2018challenging times\u2019 - TheIndustry.fashion","description":"Pep&Co parent company Pepco has hailed strong sales despite \u201cchallenging times\u201d for customers, with demand remaining strong at its Pep&Co,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/","og_locale":"en_GB","og_type":"article","og_title":"Pep&Co owner posts sales jump amid \u2018challenging times\u2019 - TheIndustry.fashion","og_description":"Pep&Co parent company Pepco has hailed strong sales despite \u201cchallenging times\u201d for customers, with demand remaining strong at its Pep&Co,","og_url":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/","og_site_name":"TheIndustry.fashion","article_publisher":"https:\/\/www.facebook.com\/theindustryfashion\/","article_published_time":"2022-10-12T09:08:25+00:00","article_modified_time":"2022-10-12T17:03:37+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/10\/PEPCO.jpg","type":"image\/jpeg"}],"author":"Tom Shearsmith","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"Tom Shearsmith","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#article","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/"},"author":{"name":"Tom Shearsmith","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be"},"headline":"Pep&Co owner posts sales jump amid \u2018challenging times\u2019","datePublished":"2022-10-12T09:08:25+00:00","dateModified":"2022-10-12T17:03:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/"},"wordCount":280,"commentCount":0,"publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"keywords":["Finance","Pep and Co","Pep&Co","Retail"],"articleSection":{"1":"News & Insight"},"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.theindustry.fashion\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/","url":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/","name":"Pep&Co owner posts sales jump amid \u2018challenging times\u2019 - TheIndustry.fashion","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/#website"},"datePublished":"2022-10-12T09:08:25+00:00","dateModified":"2022-10-12T17:03:37+00:00","description":"Pep&Co parent company Pepco has hailed strong sales despite \u201cchallenging times\u201d for customers, with demand remaining strong at its Pep&Co,","breadcrumb":{"@id":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theindustry.fashion\/pepco-owner-posts-sales-jump-amid-challenging-times\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theindustry.fashion\/"},{"@type":"ListItem","position":2,"name":"Pep&Co owner posts sales jump amid \u2018challenging times\u2019"}]},{"@type":"WebSite","@id":"https:\/\/www.theindustry.fashion\/#website","url":"https:\/\/www.theindustry.fashion\/","name":"TheIndustry.fashion","description":"Fashion news, insights, podcasts and events for professionals from across the fashion sector.","publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theindustry.fashion\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.theindustry.fashion\/#organization","name":"TheIndustry.fashion","url":"https:\/\/www.theindustry.fashion\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/","url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","contentUrl":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","width":585,"height":217,"caption":"TheIndustry.fashion"},"image":{"@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/theindustryfashion\/","https:\/\/twitter.com\/theindustryfash","https:\/\/www.instagram.com\/theindustryfashion\/","https:\/\/www.linkedin.com\/company\/10970016\/"]},{"@type":"Person","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be","name":"Tom Shearsmith","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g","caption":"Tom Shearsmith"},"description":"Tom Shearsmith is the News Editor & Senior Writer at TheIndustry.fashion, joining the company in January 2019. Tom also produces the podcasts for TheIndustry.fashion","sameAs":["http:\/\/www.theindustry.fashion"]}]}},"_links":{"self":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/217545"}],"collection":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/comments?post=217545"}],"version-history":[{"count":6,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/217545\/revisions"}],"predecessor-version":[{"id":217555,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/217545\/revisions\/217555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media\/217553"}],"wp:attachment":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media?parent=217545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/categories?post=217545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/tags?post=217545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}