Full list of 49 Poundland stores closing for good starting today – is your local shutting?
BYE BYE Full list of 49 Poundland stores closing for good starting today – is your local shutting?
POUNDLAND is closing dozens of stores over the coming weeks as part of a huge restructuring.
In June, Polish owner Pepco Group sold Poundland to US investment firm Gordon Brothers for £1 after a downturn in trading.
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Poundland has now confirmed the locations of 48 store closures happening this month, with more planned for September
Credit: Alamy
Since then, the new owners have revealed major restructuring plans, including the closure of 68 stores by mid-October.
So far, three of these stores have already shut.
Poundland has now confirmed the locations of 48 store closures happening this month, with more planned for September.
Ten stores will close on August 10, followed by 15 more on August 17.
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Another 12 are set to shut on August 24, with 11 more closing on August 31.
The last store in this group will close on September 14 at the Rivergate Shopping Centre in Irvine.
After these closures, 16 additional stores are still set to shut, but their locations and closing dates have yet to be confirmed.
Darren MacDonald, retail director at Poundland, said: "While our anticipated network of around 650-700 stores remains sizeable, it is of course, sincerely regrettable that we're closing a number of stores to allow us to get us back on track.
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"We entirely understand how disappointing it will be for customers when a store nearby closes, but we look forward to continuing to welcome them to one of our other locations.
"Work is underway to with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles."
Poundland to be sold for JUST £1 as frontrunner for shock takeover is revealed after wave of store closures
The following Poundland stores will permanently close on August 10:
Ammanford
Birmingham Fort
Cardiff Valegate
Cramlington
Leicester
Long Eaton
Port Glasgow
Seaham
Shrewsbury
Tunbridge Wells
More stores will close their doors for the final time on August 17:
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Bedford
Bidston Moss
Broxburn
Craigavon
Dartmouth
East Dulwich
Falmouth
Hull St Andrews
Newtonabbey
Perth
Poole
Sunderland
Stafford
Thornaby
Worcester
On August 24, additional closures will take place at these locations:
Brigg
Canterbury
Coventry
Newcastle
Kings Heath
Peterborough
Peterlee
Rainham
Salford
Sheldon
Wells
Whitechapel
Finally, on August 31, the following stores will also close:
Blackburn
Cookstown
Erdington
Kimberley Kimberley Shopping Centre, Nottingham
Horsham
Hull Holderness
Kettering
Omagh
Shepherds Bush
Southport
Taunton
Poundland operates around 800 stores across the UK but plans to reduce this number to between 650 and 700 over time.
This includes the 68 stores closing as part of the restructuring, as well as additional stores shutting when leases expire and are not renewed.
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What's happened to Poundland?
Poundland was sold in June to investment firm Gordon Brothers as part of a deal that included a major restructuring and an £80million cash injection.
Later that month, Gordon Brothers outlined its plans, which included closing 68 stores and negotiating rent reductions at several other locations.
The investment firm also announced additional plans, such as closing its frozen and digital distribution centre in Darton, South Yorkshire, later this year, removing frozen products from stores, reducing the range of chilled food items, and shutting its national distribution centre in Bilston, West Midlands, by early 2026.
Poundland will also stop selling products online and focus on expanding its womenswear and seasonal ranges.
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These changes, except for the 49 store closures, are still subject to High Court approval later this month.
Poundland was put up for auction in March by its previous owner, Pepco, after the brand experienced weak sales.
The Polish company reported a 6.5% decline in Poundland's revenue, dropping to £830million for the six months to March compared to the previous year.
Pepco cited "highly challenging trading conditions" for the drop, with Poundland facing struggles across all product categories and experiencing 18 net store closures during that period.
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Daily Mail
3 hours ago
- Daily Mail
Poundland to shut 49 stores across the UK with 10 closing for good today - check if it's vanishing from YOUR high street
Poundland is set to shut 49 stores across the UK, with ten closing for good today, it has been revealed. The discount shop chain's owner, Polish firm Pepco Group, sold the struggling business in June to US-based Gordon Brothers for a 'nominal fee' of just £1. The investment firm, which used to own textile brand Laura Ashley, said it would inject up to £80million into restructuring the company. As part of these efforts, it has said a whopping nearly 70 Poundland stores will close by mid-October - nearly ten per cent of the estimated total network of 800. Three of these 68 ill-fated branches have already shut their doors - and now, the locations of 49 more of them have been confirmed. After the shutters come down on ten of them today, some 15 stores will then close in just a week's time, on August 17, followed by 12 on August 24, and 11 on August 31. The final closure of this group of 49 will then come on September 14, with the shutdown of the branch at the Rivergate Shopping Centre in Irvine, North Ayrshire. After this sweeping move, some 16 more stores will still need to close to reach the total of 68 - but their locations and closing dates are yet to be revealed. The three stores which have already pulled their shutters down for the last time include the branch in Swiss Cottage, north-west London, which closed on April 20. The store in Chiswick, west London, then shut on May 28, followed by the branch in the Southampton West Quay shopping centre on June 9. Poundland's retail director Darren MacDonald said the chain is working towards a still 'sizeable' network of around 650-700 stores in the restructuring. The closure of 68 branches outright will be followed by additional shutdowns when leases expire and are not renewed. But he emphasised: 'It is of course, sincerely regrettable that we're closing a number of stores to allow us to get us back on track. 'We entirely understand how disappointing it will be for customers when a store nearby closes but we look forward to continuing to welcome them to one of our other locations. 'Work is underway to with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles.' August 24 closure locations Brigg, North Lincolnshire Canterbury, Kent Coventry, West Midlands Newcastle, Tyne and Wear Kings Heath, Birmingham Peterborough, Cambridgeshire Peterlee, County Durham Rainham, Kent Salford, Greater Manchester Sheldon, Birmingham Wells, Somerset Whitechapel, London August 31 closure locations Blackburn, Lancashire Cookstown, County Tyrone Erdington, Birmingham Kimberley Shopping Centre, Nottingham Horsham, West Sussex Hull Holderness, East Yorkshire Kettering, Northamptonshire Omagh, County Tyrone Shepherds Bush, London Southport, Merseyside Taunton, Somerset On top of the closures, Gordon Brothers' restructuring plans will also involve negotiating rent reductions at certain store locations. For instance, while one Poundland store in Canterbury, Kent, is sadly due to close, the city's other branch, on St George's Street, has reopened. It shut down on July 23, not as part of the list of 68 set to close amid the restructuring - but opened its doors again on August 1 after a new lease agreement was secured. They will also close Poundland's frozen and digital distribution centre in the village of Darton, South Yorkshire, later this year. This will see frozen products removed from stores and much fewer chilled food items. The new owners also plan to shut the chain's distribution centre in the town of Bilston, West Midlands, by early 2026. Other cost-cutting measures include stopping selling products online and expand the chain's womenswear and seasonal collections. But all these additional changes, beyond the 49 store closures, still need to be approved by the High Court later this month. Poundland went under the hammer in March, with its previous owners Pepco putting it on the market after issues with sales. The firm reported a 6.5 per cent drop in the chain's revenue, which sunk to £830million for the six months to March, versus the previous year. Pepco blamed the decline on 'highly challenging trading conditions', with the franchise struggling to make sales in all product categories. Some 18 stores closed in this period.
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6 hours ago
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Scottish Sun
7 hours ago
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Full list of 49 Poundland stores closing for good starting today – is your local shutting?
After these closures, 16 more stores will close by mid-October BYE BYE Full list of 49 Poundland stores closing for good starting today – is your local shutting? POUNDLAND is closing dozens of stores over the coming weeks as part of a huge restructuring. In June, Polish owner Pepco Group sold Poundland to US investment firm Gordon Brothers for £1 after a downturn in trading. Advertisement 1 Poundland has now confirmed the locations of 48 store closures happening this month, with more planned for September Credit: Alamy Since then, the new owners have revealed major restructuring plans, including the closure of 68 stores by mid-October. So far, three of these stores have already shut. Poundland has now confirmed the locations of 48 store closures happening this month, with more planned for September. Ten stores will close on August 10, followed by 15 more on August 17. Advertisement Another 12 are set to shut on August 24, with 11 more closing on August 31. The last store in this group will close on September 14 at the Rivergate Shopping Centre in Irvine. After these closures, 16 additional stores are still set to shut, but their locations and closing dates have yet to be confirmed. Darren MacDonald, retail director at Poundland, said: "While our anticipated network of around 650-700 stores remains sizeable, it is of course, sincerely regrettable that we're closing a number of stores to allow us to get us back on track. Advertisement "We entirely understand how disappointing it will be for customers when a store nearby closes, but we look forward to continuing to welcome them to one of our other locations. "Work is underway to with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles." Poundland to be sold for JUST £1 as frontrunner for shock takeover is revealed after wave of store closures The following Poundland stores will permanently close on August 10: Ammanford Birmingham Fort Cardiff Valegate Cramlington Leicester Long Eaton Port Glasgow Seaham Shrewsbury Tunbridge Wells More stores will close their doors for the final time on August 17: Advertisement Bedford Bidston Moss Broxburn Craigavon Dartmouth East Dulwich Falmouth Hull St Andrews Newtonabbey Perth Poole Sunderland Stafford Thornaby Worcester On August 24, additional closures will take place at these locations: Brigg Canterbury Coventry Newcastle Kings Heath Peterborough Peterlee Rainham Salford Sheldon Wells Whitechapel Finally, on August 31, the following stores will also close: Blackburn Cookstown Erdington Kimberley Kimberley Shopping Centre, Nottingham Horsham Hull Holderness Kettering Omagh Shepherds Bush Southport Taunton Poundland operates around 800 stores across the UK but plans to reduce this number to between 650 and 700 over time. This includes the 68 stores closing as part of the restructuring, as well as additional stores shutting when leases expire and are not renewed. Advertisement What's happened to Poundland? Poundland was sold in June to investment firm Gordon Brothers as part of a deal that included a major restructuring and an £80million cash injection. Later that month, Gordon Brothers outlined its plans, which included closing 68 stores and negotiating rent reductions at several other locations. The investment firm also announced additional plans, such as closing its frozen and digital distribution centre in Darton, South Yorkshire, later this year, removing frozen products from stores, reducing the range of chilled food items, and shutting its national distribution centre in Bilston, West Midlands, by early 2026. Poundland will also stop selling products online and focus on expanding its womenswear and seasonal ranges. Advertisement These changes, except for the 49 store closures, are still subject to High Court approval later this month. Poundland was put up for auction in March by its previous owner, Pepco, after the brand experienced weak sales. The Polish company reported a 6.5% decline in Poundland's revenue, dropping to £830million for the six months to March compared to the previous year. Pepco cited "highly challenging trading conditions" for the drop, with Poundland facing struggles across all product categories and experiencing 18 net store closures during that period. Advertisement
