85
Fashion Jobs
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
Published
Dec 12, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Fashion deep dive gives Poundland Christmas cheer

Published
Dec 12, 2018

Poundland has received a big boost from its major move into the clothing sector and despite the problems at its South African parent company, its fourth quarter (the three months to September 30) and full-year were strong.


Poundland/Pep & Co



In a trading update, Pepkor Europe, which also runs the Pepco and Dealz chains in Europe, said Q4 revenues were up 12.9%, an acceleration on the 10.6% rise for the year as a whole. Total revenue topped €3 billion/£2.75 billion for the year and Q4 sales reached £709 million at the business that now runs 2,360 stores across Europe. 

Pepkor is owned by scandal-hit Steinhoff International, but its parent’s accounting issues don’t seem to have hurt interest in budget products in the UK with Poundland’s growth aided by the addition of the Pep&Co clothing range in almost 300 concessions in Poundland stores. That rollout helped propel Poundland into the top 20 list for UK fashion retailers by volume.

“I think we have done a good job of making the shopping experience better for customers,” Andy Bond, Pepkor Europe’s CEO, said. “When times are tough, people hunker down a bit, so the discount sector is slightly protected beyond other retailers.”

Bond added that while the company has “had a good year”, it has also “had to handle harder environments than usual. It has seemed that every week there has been an extra crisis to deal with.”

It closed off one avenue of problems in Britain by shutting around 60 of the former 99p stores that had been performing poorly and that helped overall like-for-like growth at Poundland.

Bond also said that “Poundland’s return to like-for-like growth is encouraging and the continued growth of Pepco clearly evidences the broad appeal of their value for money proposition in existing and new markets. Although relatively small, the performance of our Dealz businesses in both Spain and Poland are particularly pleasing.”

Copyright © 2024 FashionNetwork.com All rights reserved.