Responding to tabloid Blikk, the company said those closures were part of a targeted restructuring limited exclusively to Germany and were not indicative of wider retrenchment.

Pepco is a key player in Hungary’s discount retail landscape, with more than 260 stores nationwide.

It holds a strong position in the low-cost fashion and household goods segment, although competition has intensified with the arrival of Chinese-owned chains such as Miniso and TEDi.

Pepco also highlighted that its group-wide sales have reached record levels, underlining that the German decision is an isolated step, not a harbinger of broader restructuring.

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