Poundland launches major 70% off sale ahead of closure of beloved store as 200 could shut for good

The Sun

2 days ago

POUNDLAND has launched a major 70% off sale ahead of closing a beloved store for good.
Its branch in Barrow in Furness is set to close on June 12, giving customers just two days to say their goodbyes.
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To help shift stock before it closes for good, the retailer has launched a 70% sale to shift stock.
One shopper shared the find on social media and managed to pick up a garlic masher for 12p and a wine and beer glasses for 25p a pop.
They also picked up a USB charger for 37p.
Another shopper said they had also visited the closings store and "picked up loads" in the sale.
It comes just eight months after the affordable store shut another branch in the area.
Its site at Hindpool Retail Park closed last autumn, in another blow to shoppers.
The news has came as a blow to locals, with one even describing it as their "second home".
A Poundland spokesperson previously told The Sun that the store is closing because it has been unable to agree terms that would allow the brand to keep trading there.
The store still has 800 stores trading across the UK.
It comes as Poundland could undergo a radical restructuring plan to help keep the business afloat.
Poundland to be sold for JUST £1 as frontrunner for shock takeover is revealed after wave of store closures
Up to 200 stores could close and hundreds of stores have been identified for steep rent cuts, according to reports.
The retailer was put up for sale in March, with ex-Laura Ashley owner Gordon Brothers and Hilco named as frontrunners in the race.
Last month, sources told The Sunday Times the budget business could be priced at "effectively a pound".
It's owner Pepco said it expects the sale of Poundland by September.
The brand has already closed a number of stores in the past year.
That includes stores across Gravesend's St George's Centre, Clapham Junction station in London.
Liverpool's Belle Vale Shopping Centre also pulled down their shutters for the final time.
This is the full list of stores that have closed, or are set to close in the coming months:
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 – closing June 11
Barrow Dalton Road - closing June 12
Union Gate, Bristol - closing June 20
Flint - closing June 21
Cowes, Isle of Wight – closing July (exact date tbc)
Newquay, August 1
OTHER RETAIL CLOSURES
Poundland is not the only retailer facing troubling times.
Hobbycraft is set to close nine stores on June 21, as part of an overhaul by new owner Modella Capital.
Sites across Bristol, Dunstable, Borehamwood and Basildon are all set to close.
A further two sites in Essex and one in Gloucestershire are also set to close, with a site in Kent closing earlier this year.
Elsewhere, up to 11 Original Factory Shops stores are to set to close this month, including sites across Worcestershire, Durham and Cumbria.
Meanwhile, another five stores across Nairn, Market Drayton, Troon, Blairgowrie and Castle Douglas have been put up for sale.
It comes as part of a major restructuring carried out by new owner Modella Capital with a number of loss-making stores having to close as result.
RETAIL PAIN IN 2025
The British Retail Consortium has predicted that the Treasury's hike to employer NICs will cost the retail sector £2.3billion.
Research by the British Chambers of Commerce shows that more than half of companies plan to raise prices by early April.
A survey of more than 4,800 firms found that 55% expect prices to increase in the next three months, up from 39% in a similar poll conducted in the latter half of 2024.
Three-quarters of companies cited the cost of employing people as their primary financial pressure.
The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year.
It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year.
Professor Joshua Bamfield, director of the CRR said: "The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025."
Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector.
"By increasing both the costs of running stores and the costs on each consumer's household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020."