299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
May 29, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Pep&Co fashion offer helps drive Poundland sales higher

Published
May 29, 2019

The Pep&Co fashion offer helped owner Pepkor in the second quarter as the label’s presence in the UK’s Poundland stores drove sales higher.


Pep&Co



Pepkor Europe, which also owns the Pepco and Dealz chains in mainland Europe, said Poundland revenues rose 3.1% in Q2 (the three months to March 31), which was much better than the first-half rise. Sales for the first six months of the financial year rose only 1.6% to €920 million.

“Poundland continues to outperform the wider UK high street,” the retailer said, citing the differentiation that its Pep&Co clothing concessions bring to the chain. Its fashion offer is now in around 300 branches out of its 875-store total. And it continues to tweak that total as it exits underperforming shops, relocates some stores to bigger spaces and opens new ones.

Pepkor as a whole saw first-half sales of €1.7 billion, a hefty 14.2% increase that was helped by the firm’s central Europe expansion drive.

CEO Andy Bond said: “Pepkor Europe is rapidly developing into a strong, geographically well balanced pan-European variety discount retailer. The strength of the group’s trading performance in the first half year reflects our market-leading positions within a core discount segment accessed by an increasing number of customers.”

And he expects that as the company grows bigger, its size will help it disproportionately on the profits front. “With the benefit of scale leverage in Pepco and targeted efficiency improvements within Poundland, profit growth in the half-year will be stronger than the revenue growth reported today,” he added.

Copyright © 2024 FashionNetwork.com All rights reserved.