Poundland is closing 10 stores tomorrow as huge 10p clearance sale launched – with 38 more to shut in DAYS
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SHUTTERS DOWN Poundland is closing 10 stores tomorrow as huge 10p clearance sale launched – with 38 more to shut in DAYS
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BARGAIN hunters can pick up items from just 10p as Poundland closes 48 shops for good this month.
The discounter is tomorrow alone closing 10 stores with a huge stock selloff on gear including toiletries, kids' toys and pet products.
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Shoppers can grab items for cheap as Poundland stores close for good
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As part of closing down sales, shoppers have been able to buy party banners for 10p, plus Union Jack handheld flags and a mock Valentine's Day engagement ring for 25p.
Savvy customers can also get a 12-pack of plastic tumblers for 50p, a bridesmaid paper sash for 80p and a kids bonnet for 75p.
Of course, it's only a bargain if you need the items and will use them.
Comparison websites including Trolley, Price Spy and Price Runner can also help you check if you could get items cheaper elsewhere.
The stores closing tomorrow (August 10) are :
Ammanford
Birmingham Fort
Cardiff Valegate
Cramlington
Leicester
Long Eaton
Port Glasgow
Seaham
Shrewsbury
Tunbridge Wells
It comes as a further 38 stores are set to be axed later in the month as part of restructuring by the business.
The closures deal a further blow to Britain's high streets.
More Poundland stores to close
Following the 10 stores closing tomorrow another 27 will go over the coming days.
The locations losing shops are: Bedford (August 17)
Bidston Moss (August 17)
Broxburn (August 17)
Craigavon (August 17)
Dartmouth (August 17)
East Dulwich (August 17)
Falmouth (August 17)
Hull St Andrews (August 17)
Newtonabbey (August 17)
Perth (August 17)
Poole (August 17)
Sunderland (August 17)
Stafford (August 17)
Thornaby (August 17)
Worcester (August 17)
Brigg (August 24)
Canterbury (August 24)
Coventry (August 24)
Newcastle (August 24)
Kings Heath (August 24)
Peterborough (August 24)
Peterlee (August 24)
Rainham (August 24)
Salford (August 24)
Sheldon (August 24)
Wells (August 24)
Whitechapel (August 24)
Blackburn (August 31)
Cookstown (August 31)
Erdington, (August 31)
Kimberley, Nottingham (August 31)
Horsham (August 31)
Hull Holderness (August 31)
Kettering (August 31)
Omagh (August 31)
Shepherds Bush, London (August 31)
Southport (August 31)
Taunton (August 31)
The discounter is set to close 68 shops in total, as well as wind down its online operation.
The discounter was bought for a nominal £1 fee in June by US investment firm Gordon Brothers.
What's happened at Poundland?
Poundland's Polish owner Pepco put the business up for sale in March as it looked to offload the brand.
The discounter was then bought for a nominal £1 fee in June by US investment firm Gordon Brothers.
It came following weak sales over the previous six months and a downgrade to the brand's trading guidance for the year.
The retailer's revenues dropped by 6.5% to £830million for the six months to March compared with a year earlier.
As part of the deal that was struck with Pepco, which owns Poundland, Gordon Brothers is plotting a major restructuring of the business.
It has also pumped £80million of financing into the retailer.
This is what was proposed in June:
Closing 68 stores and negotiating rent reductions at a number of other locations
Getting rid of frozen food products at all stores where they're currently sold
Reducing the number of chilled food items sold
Closing its frozen and digital distribution centre in Darton, South Yorkshire, later this year
Closing its national distribution centre in Bilston, West Midlands, in early 2026
No longer selling products on its website
Providing more womenswear and seasonal ranges
There are currently 800 Poundland stores in operation across the UK, with plans to bring this down to 650 to 700.
This includes the list of 68 which are closing as part of the restructuring deal and other branches shutting gradually as leases expire.
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