Poundland sales were also knocked by challenges linked to the launch of new clothing and general merchandise ranges from its Pepco business.
Poundland owner Pepco has revealed a sales slump over the latest quarter, partly driven by delays in summer stock reaching its stores due to Red Sea shipping disruption.
It said this contributed to a delay in “summer stock hitting store shelves” in the quarter to June 30. The company said this was largely due to challenges linked to the launch of new clothing and general merchandise ranges from its Pepco business, which are “being addressed”. Andy Bond, executive chair of Pepco Group, said: “We have continued to execute against our strategy to deliver more measured growth – doing less, to achieve more – with a greater focus on improving profitability.
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