Dealz and Poundland retailer posts big jump in sales  

There are around 100 Dealz stores in the Republic.

The European owner that operates discount retailer Dealz in the Republic and Poundland in the North has posted a significant jump in sales and is looking to open more stores. 

Pepco group chief executive Andy Bond also hailed a robust supply chain with Asian factories and suppliers avoiding the shipping strains currently plaguing the world, meaning the discounter will not need to hike prices.  

Dealz operates around 100 stores in the Republic and has 30 Poundlands in the North. 

The Pepco group also owns over 3,400 more stores across the rest of Europe, including 1,000 shops in Poland. 

Pepco listed on the Warsaw stock market this year and is currently valued at around €6bn.            

It said a "significant" plan to open more stores across Europe is already under way, and is also refurbishing its Poundland and Pepco outlets. 

"This brought the total to 483 net new stores for the year — a record number of annual openings — including the first Pepco stores in Austria, Serbia, and Spain," Mr Bond said, adding it is likely to launch in Germany in the coming months. 

Full-year revenue was €4.1bn, with like-for-like sales up 6.5%.