Poundland, Pepco and Dealz owner Pepco Group has seen a 16.8% increase in core earnings, as revenue growth from new store openings offset pandemic closures. The company also operates the budget Pep&Co fashion brand.
Decathlon UK is continuing to expand its presence across the country with its first Welsh store. It has opened a concession store near Cardiff after its online sales in Wales soared to almost £2.5million in 2020.
Pep&Co continues to be a strong retail pillar for Poundland.The UK discount giant is backing the success of its budget clothing brand, opening two standalone stores in the Midlands as part of wider growth plans.
With an element of confusion remaining around just how manufacturers and retailers should ‘quarantine’ products due to potential Covid transmission, a report has been released could help footwear makers and sellers.
Joules seems happy with its progress in the year to the end of May, despite the pandemic. It saw continued strong digital momentum and said that since reopening in April, store sales have been ahead of expectations.
With Paris finally exiting the lockdown, and Parisians enjoying their city without masks, the international menswear runway season climaxes with six days of Paris shows this week, albeit within the penumbra of Covid.
One of the the ‘Big Four’ UK supermarket chains, Morrisons, has received an unsolicited bid approach valuing it at £5.5bn. But it has rejected the offer, despite it being above its closing share price as of Friday.