Pepco (retailer)

Last updated

Pepco
Company type Private
Industry Retail
Founded2004;20 years ago (2004)
Headquarters Poznań, Poland
Number of locations
3500 (2024) [1]
Key people
Stephan Borchert (CEO)
Products consumer goods, clothing, DIY, electrical
Revenue€1.98bn (March 2024) [2]
OwnerPepco Group
Number of employees
25,000 (2024) [1]
Website pepco.eu
Pepco shop in a shopping center in Poznan, Poland Sklep Pepco w Poznaniu.jpg
Pepco shop in a shopping center in Poznań, Poland
Pepco store in a retail park in Bielawa, Poland Pepco.jpg
Pepco store in a retail park in Bielawa, Poland

Pepco is a Polish variety store chain with stores across Europe. It is part of the London headquartered and Polish listed 'Pepco Group' alongside sister brands Poundland and Dealz. [3] Pepco stores account for most of the group's stores with 3500 branches across Europe (out of a total of 4600), [1] and has replaced Dealz (in format and brand) completely in most European countries, except for Poland and Ireland. [1] [4]

Contents

History

In 1999 the British retailer Brown & Jackson expanded into Poland, where they opened Poundstretcher stores in the country. [5] Following poor performance, B&J Poland was sold to South African firm Tradegro in 2002 and was taken over by Pepkor in 2004. Following the takeover, the business and stores were rebranded to Pepco. [6]

From 2013 onwards, Pepco began to expand into other European markets: [7] [8]

In 2023, the majority (79%) shareholder of Pepco, Steinhoff International was delisted and restructured in a plan to avoid bankruptcy following years of lawsuits and heavy losses after holes in the company's accounts were exposed in December 2017. [24] Any bankruptsy was however not expected to harm Pepco given its strong balance sheet and independent sources of finance. [25] Following the restructure 2023 Steinhoff's shareholding was transferred to the new entity Ibex Topco B.V. [26]

In Poundland and Dealz

Since 2023 Poundland and Dealz stores have been phasing out their own brand and previous "Pep&Co" branded products and clothing, replacing them with Pepco branded ranges. This transition was seen as a potential cause for a dip in like-for-like sales at the group in 2024 [27] [28]

In the United Kingdom, Pepco products are marketed as being "only at Poundland". [29]

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References

  1. 1 2 3 4 "Our Brands". Pepco Group. Retrieved 12 April 2024.
  2. "Pepco Group reports 11% revenue growth in H1 FY24". Retail Insight Network. April 2024. Retrieved 12 April 2024.
  3. "Poundland owner Pepco snubs London with plan for £4bn Polish listing". Sky News. Retrieved 12 April 2024.
  4. "Pepco Group simplifies structure will turn Dealz brand into Pepco". CIJ Europe. Retrieved 12 April 2024.
  5. "History". Pepco Group. Retrieved 22 April 2024.
  6. "Chcą podbić nasz region - Archiwum Rzeczpospolitej". archiwum.rp.pl. Retrieved 12 October 2020.
  7. "O nas". pepco.pl (in Polish). Retrieved 28 July 2023.
  8. James Davey (19 February 2021). "Discounter Pepco has all of Europe in its sights". reuters.com. Retrieved 28 July 2023.
  9. "Mamy już 1000 sklepów w Europie". pepco.pl (in Polish). 27 October 2016. Retrieved 12 April 2024.
  10. Gabriel Negreanu (13 January 2022). "O poveste de succes din Estul Europei? Lanţul polonez Pepco, cu peste 370 de magazine în România, a înregistrat o nouă creştere şi vrea să se extindă în Vest". mediafax.ro (in Romanian). Retrieved 28 July 2023. Lanţul polonez este prezent în România din 2015
  11. "Pepco rozwija sieć i wchodzi do Rumunii". dlahandlu.pl (in Polish). 10 March 2015. Retrieved 28 February 2022.
  12. "PEPCO zawitało na chorwackim rynku". pepco.pl (in Polish). 7 April 2017. Retrieved 28 July 2023.
  13. Lelde Petrāne (13 March 2018). "Polijas ķēde Pepco drīzumā atklās pirmo veikalu Latvijā". db.lv (in Latvian). Retrieved 28 July 2023.
  14. Wojciech Wojnowski (21 April 2020). "PEPCO Poland Sp. z o.o." retailnet.pl (in Polish). Retrieved 28 February 2022.
  15. "PEPCO w Bułgarii". pepco.pl (in Polish). 15 March 2019. Retrieved 28 July 2023.
  16. Katarzyna Łabuz (24 June 2021). "Pepco Group na fali wznoszącej. Kontynuacja strategii ekspansji". retailnet.pl (in Polish). Retrieved 28 January 2022.
  17. "PEPCO już w Austrii!". pepco.pl (in Polish). 23 September 2021. Retrieved 28 July 2023.
  18. Omada Sindaksis (5 October 2022). "Pepco | Πού θα ανοίξει στην Ελλάδα 7+3 καταστήματα η πολωνική αλυσίδα". hania.news (in Greek). Retrieved 28 July 2023.
  19. "New retail brand for Sligo as Pepco opens store". December 2023. Retrieved 12 April 2024.
  20. "Leading discount brand Pepco opens new store in Ireland". ShelfLife.ie. 13 June 2023. Retrieved 12 April 2023.
  21. "Pepco w Portugalii". Pepco Polska (in Polish). 7 June 2023. Retrieved 23 April 2024.
  22. "Pepco otworzyło pierwsze sklepy w Bośni i Hercegowinie". Pepco Polska (in Polish). 14 September 2023. Retrieved 23 April 2024.
  23. "S. Africa regulator fines former Steinhoff CEO for accounting fraud". 20 March 2024. Retrieved 12 April 2024.
  24. Maciej Badowski (28 July 2023). "Właściciel Pepco ogłasza bankructwo. W tle długi i poważne oszustwa. Co ze sklepami w Polsce? Poznaj stanowisko firmy". wspolczesna.pl (in Polish). Retrieved 28 July 2023.
  25. "Governance - Pepco Group". Pepco Group. Retrieved 12 April 2024.
  26. Wright, Georgia (2 February 2023). "Pep&Co to axe jobs at UK head office - Retail Gazette". www.retailgazette.co.uk. Retrieved 7 November 2023.
  27. "Poundland sales dip as it overhauls general merchandise". Retail Gazette. Retrieved 12 April 2024.
  28. "Pepco Clothing - Poundland" . Retrieved 12 April 2024.