Yet more Poundland stores are about to close after the chain was acquired for £1 in a rescue deal.
Investment firm Gordon Brothers bought the struggling discount shop last last month, with Poundland going into a ‘restructuring’ process.
Poundland confirmed today that 68 shops and two warehouses will shutter as part of the plan, subject to a court’s approval.
The company told Metro that a full list of store closures though it confirmed that the end goal would be reducing the number of Poundland stores from about 800 to 650.
Poundland will also scale back its frozen food lines but also add more women’s clothing and seasonal items, the business news website said.
In the latest blow for shoppers the shop’s branch in Colchester, Essex, closed last week, with two more branches in Dudley and Telford shutting on July 18 and 19.
The bargain chain’s 16,000 staff face an uncertain future as it negotiates with landlords to reduce rents amid tough trading conditions.
In the six months leading up to March, Poundland reported a 6.5% slump in revenue to £830million.
Barry Williams, managing director of Poundland, said: ‘It’s no secret that we have much work to do to get Poundland back on track.
Full list of Poundland branches closed since last March
These are the Poundland branches which have already closed since March 2024:
- Connswater Shopping Centre, Belfast – closed March 2024
- Macclesfield – closed August, 2024
- Maidenhead – closed October, 2024
- Sutton Coldfield – closed October, 2024
- Clapham Junction Station, London – closed May 2
- Belle Vale Shopping Centre, Liverpool – closed May 6
- St George’s Centre, Gravesend – closed May 8
- Southwark Park Road – closed May 14
- Copdock Mill Interchange, Ipswich – closed May 20
- Brackla, Wales – closed May 24
- Chiswick High Road – closed May 28
- Filton Abbeywood – closed May 31
- Surrey Quays – closed June 11
- Barrow Dalton Road – closed June 12
- Union Gate, Bristol – closed June 20
- Flint – closed June 21
- Colchester – on July 10
These Poundland branches are still yet to close:
- Telford – closing July 19
- Newquay – closing July 30
- Cowes, Isle of Wight – closing July 30
- Newquay – closing August 1
‘While Poundland remains a strong brand, serving 20 million-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.
‘It’s sincerely regrettable that this plan includes the closure of stores and distribution centres, but it’s necessary if we’re to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
‘It goes without saying that if our plans are approved, we will do all we can to support colleagues who will be directly affected by the changes.’
Stephan Borchert, Pepco Group chief executive, said: ‘This transaction will strongly support our accelerated value creation programme by simplifying the group and focusing on our successful Pepco business.’
A version of this article was previously published on June 17, 2025
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