Pepco makes great sales due to its expansion in Europe

Pepco the discount retailer under Steinhoff has revelead that it is benefitting from its huge expansion in western Europe.

Pepco has made a 11% increase in sales and 23% boost in revenue but warned that trading has been tougher in its third quarter.

166 net new stores have been opened and the company is confident on meeting its target of at least 550 net new stores this financial year,