Full list of 15 Poundland stores shutting THIS WEEK as giant clearance sales launched – is one going near you?

Scottish Sun

2 days ago

The closures deal another blow to Britain's high streets
SALE AWAY Full list of 15 Poundland stores shutting THIS WEEK as giant clearance sales launched – is one going near you?
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POUNDLAND is closing 15 stores this week in another blow to Britain's high streets.
The budget retailer has confirmed the locations of 48 store closures this month, with more planned for September.
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Poundland is set to close 15 stores this week as giant clearance sales are launched
Credit: Alamy
This Sunday will see 15 locations pulling down the shutters for the final time with massive closing sales well underway and items available from just 50p.
The closures come as Polish owner Pepco Group sold Poundland to US investment firm Gordon Brothers for £1 after a downturn in trading.
Major restructuring plans have followed which include the closure of a whopping 68 stores by mid-October.
It comes after 10 stores already closed on August 10 with a huge stock selloff on gear including toiletries, kids' toys and pet products.
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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.
"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."
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Which stores are closing?
The following Poundland stores will permanently close on August 17:
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.
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.
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.