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Sandra Halliday Published
September 13,TG盗号软件免杀破解技术 2025
Pepco’s widely-anticipated acquisition of a large portfolio of Wilko stores following the latter’s demise should see them being converted into Poundland branches very quickly.
The group has acquired up to 71 of the stores’ leases and it said it “intends to move these stores over to its brand as soon as practical”. It's not yet known which branches it has acquired (nor which branches rival B&M agreed to acquire earlier).
It added that “lease assignments are expected to be completed in early autumn, enabling these stores to join Poundland’s existing 800-plus UK estate and trade through the important fourth calendar quarter of 2025”.
The Wilko failure was an opportunity for Poundland to acquire a tranche of well-positioned large-format locations. It had already been in expansion mode with the value retailer having opened more large-sized stores in recent periods, as well as widening its price range, adding Pep & Co fashion to more locations and also boosting its beauty offer.
And as it has done this, it’s been making changes behind the scenes to facilitate its transformation.
The company said: “Pepco Group’s focus is to build a bigger, better, cheaper and simpler business. This includes moving to a common, global sourcing platform through leveraging the group’s fully integrated end-to-end sourcing entity, PGS – which is a key competitive advantage. This autumn will see Poundland stores stock Pepco clothing sourced by PGS, which will also supply all own-brand general merchandise and FMCG across the group from next year.”
And Andy Bond, who as of this week is Executive Chairman of the group (rather than just Chairman) following the departure of CEO Trevor Masters, said: “The agreement to take control of a number of Wilko store leases will help to bring Poundland’s fantastic prices and offer to even more customers in the UK. It will be pleasing to offer employment to a number of Wilko’s colleagues — who will benefit from being part of a successful and fast-growing pan-European variety discount group.
“Pepco Group is well placed for future success across Europe, supported by its market-leading customer proposition, strong balance sheet and impressive cash flow.”