Poundland to close 68 stores and two warehouses across the UK
Poundland has announced plans to close 68 stores and two UK warehouses as part of a restructuring plan after being sold to investment firm Gordon Brothers. (Image: Owen Humphreys/PA Wire) This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The Herald.
High street brand Pounlands has today (June 17) announced plans to close down 68 stores and two warehouses in the UK.
It follows the brand's restructuring plan after it was sold to investment firm Gordon Brothers.
Poundland has more-than-800 stores and roughly 16,000 employees which have been transferred to the ownership of Gordon Brothers, the former owner of Laura Ashley, as a result of the takeover. The plan was created to help deliver a financially sustainable operating model for the business after it faced an extended period of underperformance.
Along with closing 68 stores, Poundland also plans to reduce its chilled food offering and simplifying its online presence. Poundland to close 68 stores across the UK
As part of it's plans, Poundland shared what warehouses it plans on closing with the frozen and digital distribution centre at Darton, South Yorkshire later this year and its national distribution centre at Springvale in Bilston, West Midlands in early 2026.
Discussing the plans, Barry Williams, managing director of Poundland said:'It's no secret that we have much work to do to get Poundland back on track.
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'While Poundland remains a strong brand, serving 20m-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.
'It's sincerely regrettable that this plan includes the closure of stores and distribution centres, but it's necessary if we're to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
'It goes without saying that if our plans are approved, we will do all we can to support colleagues who will be directly affected by the changes.'
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