British retailer Pepco announced that it intends to open the first stores in Portugal during the spring of 2023, in the regions of Porto, Lisbon and Algarve, and that recruitment of workers will start in January.
In a statement, the Pepco Group brand, which also owns the Poundland retailer, announced the plan to start operating in Portugal, with the first stores to open in spring 2023, as part of the expansion plan it is carrying out.
In the first phase, the retail brand will look for potential commercial spaces in the regions of Porto, Lisbon and Algarve.
The company also said that it has started recruiting for the team that will be responsible for expanding the brand in Portugal, which will have the mission of looking for the best locations and, later, recruiting for the stores, which will start in January 2023.
“In Portugal, the company is currently looking to work in collaboration with property owners and agents, to guarantee the long-term lease of stores with more than 450 square meters, reaching more than 700 square metres in retail parks and shopping centres, in cities and towns with more than 15,000 inhabitants”.
Portugal will be the 18th market for the brand, which has approximately 3,000 stores of the retail brands Pepco, Poundland and Dealz.