Poundland, a well-known UK retail chain, is in the process of shutting down numerous stores as part of its recovery strategy. The closure of over 52 outlets across the country is deemed necessary for the company’s restructuring plans. Ten stores are closing today, followed by 15 on August 17 and 12 on August 24.
More closures are anticipated in the coming months as Poundland moves forward with its restructuring initiative. Following its acquisition by Gordon Brothers for £1 in June, the company is expected to reduce its store count to approximately 700, with another 150 stores facing potential closure. Notably, Poundland’s Irish stores are unaffected by these closures.
In addition to the store closures, Poundland also intends to shut down its frozen and digital distribution center in Darton, South Yorkshire, later this year, along with another warehouse in Bilston, West Midlands, in early 2026.
The company’s retail director, Darren MacDonald, expressed regret over the necessary store closures but emphasized the importance of securing jobs and preserving the future of hundreds of stores. Poundland aims to maintain a network of around 650-700 stores, ensuring continued accessibility for customers.
CEO Barry Williams highlighted the challenges faced in recent trading but outlined a turnaround plan focused on delivering value to customers. The company plans to streamline its operations to provide the value that customers have come to expect.
Poundland is committed to supporting its employees through a formal consultation process and exploring alternative roles for affected staff members. Despite the closures, the company looks forward to welcoming customers to their nearby Poundland stores.