Pepco CEO says low prices, more stores will boost growth

Published by
Reuters UK

By Karol Badohal (Reuters) -Poundland owner Pepco Group is betting on a fast expansion of its network of stores and tight cost control to boost its results, its chief executive told Reuters on Thursday after the company posted a jump in quarterly revenue. The owner of PEPCO and Dealz discount retailer brands, posted a 12% rise in its quarterly total revenue on a constant currency basis and like-for-like sales up 0.7%. At 1348 GMT the shares were down 3.8% at 42.58 zlotys ($10.77) apiece, nearing their debut price and all time low, impacted by worries over consumer demand and supply chain disru…

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