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Pep&Co has hired former Jack Wills merchandising director Richard Fawdry to the role of interim managing director, and outlined its intention to appoint former Bain & Company consultant Mark Elliott as its new MD ”when the time is right”.
Pep&Co’s managing director Adrian Mountford and trading director Cathy Haydon are leaving the value fashion retailer, it has emerged.
Poundland is planning to roll out a further 150 Pep & Co shop-in-shops in the UK, Ireland and France over the next year, as the value chain vies for a larger slice of the fashion market.
Value clothing brand Pep&Co has agreed a deal with Irish discount retailer Dealz to open concessions in some of its stores.
Discount fashion chain Pep & Co has shut 20 standalone stores, as it continues its shift to a shop-in-shop format in larger Poundland stores.
Pep&Co sales reached £29.1m in its first reported results, and it made a gross profit before operating expenses of £7.9m.
Value fashion retailer Pep&Co is to open a further 50 Poundland shop-in-shops during the second part of the year, in addition to the 50 currently being rolled out over the next few months.
Value fashion retailer Pep&Co opened its first shop-in-shop in a Poundland store in Hanley, Staffordshire, on Friday.
Pep&Co will open 50 shop-in-shops in Poundlands in around 100 days, building on its launch in 2015 when it opened 50 full-line own-brand stores in 50 days.
The locations of the first 10 Poundland stores to house shop-in-shops for value fashion brand Pep&Co have been revealed.
Pep & Co is looking at new stores in Coulby Newham, Edmonton, Rugby, Hull, Port Talbot and Northfield in Birmingham for the second phase of its retail rollout this autumn.
Pep&Co will press ahead with the next round of store openings next week, with a new branch in Pontypridd, Wales, expected to open on 16 September.
Pep&Co has revealed its plans to open an additional 20 stores over the next 12 months, building on 15 new stores already slated for autumn, as customer requests for new locations flood in.
Pep&Co, the new value chain backed by South African retail billionaire Christo Wiese, is poised to open another 10 to 15 stores across the UK from autumn, following the launch of its first 50 stores last year.
Customers want more choice of stores on “overlooked” high streets in towns such as Salford, Bolton, Yardley, Paisley and Cwmbran, as well as improved transport links and parking, a report from value chain Pep&Co and property firm Savills has found.
Value retailer Pep&Co will be the subject of a new ITV1 series later this spring called Bargain Shop Wars.
Pep&Co founder and former Asda chief executive Andy Bond’s new value variety chain will be called GHM! (Guess How Much) and is due to launch this summer with backing from South African investor Christo Wiese, Drapers can reveal.