Discount Textile Retail Chain Pepco (listed on the WKN: PCO) is planning a dynamic expansion on the German market. It intends to have 2,000 outlets in this country. Many locations are already operational, and more are to be created through a partnership with the operator of shopping centers ECE Marketplaces.
Pepco in ECE shopping centers Pepco has been operating in Germany since 2022 and currently operates 18 stores in various locations, such as in cities like Berlin, Dresden, Göppingen, Halle an der Saale, Kamp-Lintfort and Meißen. The opening of new stores is planned in the coming weeks. 'Pepco's expansion on the German market is therefore in full swing', reports chip.de.
In the first phase, ECE Marketplaces and Pepco signed a total of 17 long-term lease agreements in ECE's shopping centres for new stores of the clothing and home goods retail chain. These stores will occupy a total of about 9,500 square meters of leasable area. Further agreements between the two companies are also planned. The first new Pepco branch at ECE will open on August 17, 2023 at the Rathaus-Center Dessau. Further branches are planned in Chemnitz, Hamburg, Stuttgart and the Altmarkt-Galerie in Dresden.
Pepco's European expansion The cooperation with ECE enables Pepco to offer good quality products at low prices in even more locations in Germany. Patrick Steiger, Operations Manager Pepco Germany, emphasizes that the goal is to be close to all potential customers. According to Steiger, the opening of 17 branches in ECE's shopping centres is only one stage in the chain's development. Recall that the chain also opens stores in Spain, offering a range of products and categories: from fashion, decorations and toys, to food, home cleaning and personal hygiene. "The opening of the retailer of Polish origin is part of the dizzying expansion that this affordable brand is carrying out in Bizkaia. In recent months, it has focused on Spanish territory, opening stores in Zubiarte, the center of the capital of Biscay, as well as in the agglomeration of Barakaldo and the city of Vitoria. All in all, with the same result: full showrooms of customers attracted by the low-cost offer", informed elcorreo.com.
Read more: Discounter from Polish plans to conquer Germany - 17 stores in a few weeks (dlahandlu.pl)
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