Poundland performs ‘behind expectations’ after range revamp

Poundland owner Pepco Group said the retailer’s first half performance fell “behind expectations” following an overhaul of its general merchandise range.
The discount chain’s EBITDA dropped 6.5% in the six months to 31 March, as like-for-like sales slipped 0.7%.
The group attributed Poundland’s weaker performance to “challenges in implementing the significant range change to Pepco products”.Subscribe to Retail Gazette for free
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