Steinhoff’s European discount retailer, Pepco, is on track to meet its full-year targets as Covid-19 restrictions eased and customers returned to stores helped by effective promotional campaigns and a strong performance over Easter.

Pepco, the owner of the discount Pepco and Dealz brands in mainland Europe and Poundland in the UK, said on Thursday revenue rose 17.2% to €2.37bn (R38.86bn) in its half-year to the end of March, while profit for the period jumped 40% to €94.899m (R1.56bn)...