UK customers continue to flock to discount retailer Poundland amid the cost of living crisis.
Parent company Pepco Group has reported that like-for like sales at Poundland jumped by 9% in the three months to 30 June, due to strengthening demand for fast moving consumer goods (FMCGs).
Trevor Masters, CEO of Pepco Group, said: “As we highlighted at our interim results in June, the macro-economic climate continues to be challenging, particularly in Central Europe, due to elevated levels of inflation.”
Masters added: “We remain committed to supporting our customers in this challenging environment by maintaining our market leading pricing. Our focus remains on building a bigger, better, cheaper and simpler business and we are well positioned to deliver future success as inflationary pressures ease.”