Dealz owner Pepco sees sales fall as supply chain disruption weighs

Dealz's like-for-like sales fell by 7.3%, impacted by the transition to Pepco-sourced general merchandise, as well as a highly competitive market

The Dealz outlet in Mullingar, Co Westmeath.

European discount retailer Pepco Group reported a worse-than-expected 4.3% fall in third-quarter underlying revenue, which it said partly reflected a delay in summer stock hitting store shelves due to shipping issues in the Red Sea.

The Warsaw-listed owner of the Pepco, Poundland and Dealz brands, did, however, maintain its profit guidance for the full year.