A third wave of Poundland store closures has been announced in the wake of the retailer’s sale for £1 in a bargain-bin rescue deal.
This week alone, branches in Newquay and Cowes in the Isle of Wight shuttered, while a Poundland in Stratford-upon-Avon closed July 21
A total of 38 branches are set to be shuttered this month as part of a restructuring plan which will axe a total of 68.
Bosses previously had a list of 10 stores to be closed on August 10, and 15 to be closed on August 15.
A further 12 will be closed on August 24 in locations all around the UK.
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It is understood that the remaining branches will shut on a rolling basis until mid-October.
Poundland’s retail director, Darren MacDonald, said: ‘It is, of course, sincerely regrettable that our recovery plans include any store closures, but sadly that’s necessary if we’re to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
‘While our anticipated network of around 650-700 stores remains a sizeable one, we entirely understand how disappointing it will be for customers when one nearby, closes.
‘Nevertheless, we look forward to continuing to welcome them to a nearby Poundland.
‘It goes without saying that we will work closely with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles. That work is underway.’
Full list of Poundland store closures confirmed for August
August 1:
- Newquay
August 10:
- Ammanford
- Birmingham Fort
- Cardiff Valegate
- Cramlington
- Leicester
- Long Eaton
- Port Glasgow
- Seaham
- Shrewsbury
- Tunbridge Wells
August 17:
- Bedford
- Bidston Moss
- Broxburn
- Craigavon
- Dartmouth
- East Dulwich
- Falmouth
- Hull St Andrews
- Newtonabbey
- Perth
- Poole
- Sunderland
- Stafford
- Thornaby
- Worcester
August 24:
- Brigg (Cary Lane)
- Canterbury (Marshwood Close Retail Park)
- Coventry (Hertford Street)
- Newcastle (Killingworth Centre)
- Kings Heath (High Street)
- Peterborough (Orton Gate Shopping Centre)
- Peterlee (Castle Dene Shopping Centre)
- Rainham (Rainham Shopping Centre)
- Salford (Regent Retail Park)
- Sheldon (Coventry Road)
- Wells (High Street)
- Whitechapel, London (Whitechapel Road)
Poundland closures follow ‘£1 sale’ of company
Investment firm Gordon Brothers bought the struggling discount shop in June, with Poundland going into a ‘restructuring’ process.
The company told Metro in June that the end goal would be reducing the number of Poundland stores from about 800 to 650.
Alongside the confirmed closure of 68 stores, Gordon Brother also wants to ditch frozen food products and cut the number of chilled food items sold.
They also plan to shut their frozen and digital distribution centre in Darton, South Yorkshire, later this year, as well as their national distribution centre in Bilston, West Midlands, in early 2026.
Other Poundland stores slated for closure
A host of other Poundlands are planning to shut up shop.
- Whitby – September 3
- Wealdstone – September 6
- Pontypool – September 7
- Inverclyde – unknown
Poundland plans to stop selling products on its website, instead choosing to provide more womenswear and seasonal ranges in-store.
These plans are dependent on the green light from the High Court in August.
Consumer experts have told Metro how, between the coronavirus pandemic and a gruelling cost-of-living crisis, the British high street isn’t what it was a few years ago.
The Centre for Retail Research predicts that more than 17,000 shops will close this year – up from 13,500 in 2024.
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