Poundland’s sales continued to plummet in the months leading to its sale by former owner Pepco Group, new quarterly results show.
Between the start of the third quarter on 1 April, and 12 June – when Pepco Group sold it to investment firm Gordon Brothers – Poundland revenue fell 10.3% to €347m. Poundland’s like-for-like sales were down 7.1% in the same period.
At the same time the Poundland estate shrank by 19 stores, from 818 to 799.
In a restructuring plan under its new owners, Poundland aims to close 68 stores and has anticipated the estate could shrink further, to between 650 and 700 over time, as reported in June. The plans are subject to approval by a court later this summer.
Pepco Group said that “deconsolidating” Poundland was improving revenue growth for the remaining business and driving higher profitability and margins. Total group revenue was up 2.7% to €1.4bn in the quarter ending 30 June. ‘New Pepco Group’ excluding Poundland grew revenue by 7.7% to €1.1bn.
“Having completed the sale of Poundland in June 2025, New Pepco Group now has a simpler structure and we look forward with confidence to capitalising on the numerous growth opportunities for the Pepco brand, as part of our ambition to become one of Europe’s most successful discount retailers,” said Pepco Group CEO Stephan Borchert.
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