Even more Poundland stores are about to close after the chain was obtained for £ 1 in a rescue agreement.
Investment company Gordon Brothers bought the wrestling discount shop last month, with Poundland in a ‘restructuring process’.
Poundland today confirmed that 68 stores and two warehouses will close as part of the plan, subject to the approval of a court.
The company told Metro However, the fact that a full list of store closures confirmed that the final goal would reduce the number of Poundland stores from around 800 to 650.
Poundland will also scale its frozen food lines, but also add more women’s clothing and seasonal items, according to the Business News website.
In the newest blow to Shoppers the branch of the store in Colchester, Essex, last week, with two more branches in Dudley and Telford Shuting on July 18 and 19.
The 16,000 employees of the bargain chain are confronted with an uncertain future, while negotiating with landlords to reduce rental prices in the midst of difficult trade conditions.
In the six months prior to March, Poundland reported a turnover of 6.5% to £ 830 million.
Barry Williams, director of Poundland, said: ‘It is no secret that we have a lot of work to get Poundland back on track.
Full list of pondland branches closed since last March
These are the Poundland locations that have been closed since March 2024:
- Connswater Shopping Center, Belfast – Closed March 2024
- Macclesfield – Closed August 2024
- Girl – Closed October 2024
- Sutton Coldfield – Closed October 2024
- Clapham Junction Station, London – Closed May 2
- Belle Vale shopping center, Liverpool – Closed May 6
- St George’s Center, Gravensend – Closed May 8
- Southwark Park Road – Closed May 14
- Copdock Mill Interchange, Ipswich – Closed May 20
- Brackla, Wales – Closed on May 24
- Chiswick High Road – Closed May 28
- Filton Abbeywood – Closed May 31
- Surrey Quays – Closed on June 11
- Barrow Dalton Road – Closed on June 12
- Union Gate, Bristol – Closed on June 20
- Flint – Closed June 21
- Colchester – on July 10
These Poundland locations still have to close:
- Telford – Closure July 19
- Newquay – Close on July 30
- Cowes, Isle of Wight – Close on July 30
- Newquay – closure August 1
‘While Poundland remains a strong brand and serves more than 20 million shoppers every year, our performance is needed for a considerable period of shortage of our high standards and action to enable the company to return to growth.
‘It is genuinely regrettable that this plan includes the closure of stores and distribution centers, but it is necessary if we achieve our goal to secure the future of thousands of jobs and hundreds of stores.
“It goes without saying that if our plans have been approved, we will do everything we can to support colleagues who are directly influenced by the changes.”
Stephan Borchert, Chief Executive of Pepco Group, said: “This transaction will strongly support our accelerated value creation program by simplifying the group and concentrating on our successful Pepco activities.”
A version of this article was previously published on June 17, 2025
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