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Evening Standard
Evening Standard
Business
Mark Banham

Poundland revenues rise as retailer responds to ‘challenging’ times

Poundland revenues are on the rise in response to cost of living crisis

(Picture: Pepco/Poundland )

Poundland owner Pepco Group has benefitted from the cost of living crisis with an uptick in revenues across the business but has warned that that the retail outlook across the UK remains “challenging”.

Like-for-like revenues at Poundland the discount retailer that sells everyday products including FMCG brands to clothing for value hunting customers were up 2.6% in the year to the end of September to €2.11 billion (£1.87 billion) while group revenues spiked by 5.2% to €4.82 billion.

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