Poundland closing two stores this week with four shutting for good in May
Another Poundland site is set to close even more stores this month in a blow to the high street - with two shutting for good this week.
One site earmarked for closure this week is Poundland's branch in Liverpool's Belle Valle shopping centre. The shutters will be pulled down for good on May 6. A spokesperson for Poundland said the decision came after it was served notice on the lease.
They added: "We know how disappointing this will be to customers and colleagues. Whenever we have to close a store in these circumstances, we do all we can to look for other opportunities for colleagues and that work is now underway.
"We'd like to thank customers at Belle Vale for their support – and look forward to welcoming them at our other stores across Merseyside."
A second Poundland site will be closing this week, with the retailer's St George's Centre in Gateshead, Kent, pulling down its shutters this Wednesday, May 8. Another Poundland store in Brackla, Wales, will follow suit on May 24.
The new closure comes just days after the retailer closed its Clapham Poundland branch in London on May 2. The move means the closest Poundland store for the west Londoners will be its Southside Shopping Centre branch in Wandsworth.
On the closures, a Poundland spokesperson said: "Poundland operates from over 800 locations across the UK and Ireland and wth so many outlets, it will be no surprise that we constantly review our store portfolio as leases expire or come up for renewal."
Last month, Poundland's owner, Pepco Group, said it was considering a possible sale of the UK budget retailer after warning of 'more difficult' trading conditions.
Sign up to Mirror Money's newsletter for the latest advice and news
From universal credit to furlough, employment rights, travel updates and emergency financial aid - we've got all of the big financial stories you need to know about right now.
At the time, Pepco Group said it was examining 'all strategic options' to potentially separate Poundland, which has 850 stores, from the wider group. The Polish group said it might turn its focus to its more profitable businesses in Europe.
In its announcement, it also warned that its underlying earnings would come in at between 50 million euros and 70 million euros (£41.9 million and £58.6 million) as sales remained in "negative territory" over January and February.
Pepco previously warned that the hikes to employer National Insurance Contributions (NICs) and national minimum wage introduced in April would "significantly" add to its costs.
Full list of Poundland sites closing in May
Clapham Junction - May 2
Liverpool Belle Vale Shopping Centre - May 6
St George's Centre in Gravesend - May 8
Brackla, Wales - May 24
Join Money Saving Club's specialist topics
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
5 hours ago
- Scottish Sun
Major chain launches closing down sale ahead of shutting two branches in DAYS
We reveal more details on the closure of 68 Poundland stores below SHUTTERS DOWN Major chain launches closing down sale ahead of shutting two branches in DAYS Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A MAJOR chain has launched closing down sales ahead of shutting two branches in days. Sports Direct is pulling down the shutters on one shop in Rhyl, North Wales and another in Liverpool in September and October. Sign up for Scottish Sun newsletter Sign up 1 Sports Direct is shutting two branches in Liverpool and Rhyl Credit: Getty The chain's store in the Liverpool ONE Shopping Centre is closing on September 29, the Liverpool Echo reports. The brand, owned by the Frasers Group, is said to be relocating to a new unit in the city's Church Street. Meanwhile, a site in Rhyl's White Rose Shopping Centre will permanently shut in October, the Daily Post reports. An exact closure date for the Rhyl branch is yet to be confirmed. Both stores have reportedly launched closing down sales, with up to 20% off stock. One Rhyl local has set up a petition calling for Sports Direct bosses to keep the town's branch open. It reads: "Rhyl, with its vibrant community and rich sporting culture, relies heavily on Sports Direct for affordable, quality sportswear and equipment. "It supports local individuals and visitors to Rhyl who participate in various sporting activities, contributing positively to the health and vitality of our community." "Sports Direct's presence in Rhyl also means contributing to the local economy beyond just payroll. "It draws people into the town centre, benefiting other businesses and promoting a bustling, lively shopping environment. Britain's retail apocalypse: why your favourite stores KEEP closing down "We urge the people involved to reconsider this closure." It comes after a Sports Direct branch in Cambridge shut down in April, after launching a huge closing down sale. One frustrated shopper branded the closure "another nail in the coffin" for the city. Sports Direct also pulled the plug on its Central Six Retail Park store in Coventry at the end of January. Last year, its branches in Stroud, Gloucestershire, and on Octagon Parade in High Wycombe, Buckinghamshire, also shut permanently. The Sun asked Frasers Group to comment. HIGH STREET WOES The retail sector has struggled since the onset of online shopping and the coronavirus pandemic. Higher inflation since 2022 has also hit shoppers' budgets. The Centre for Retail Research has said the sector has been going through a "permacrisis" since the 2008 financial crash. Figures from the Centre also show 34 retail companies operating multiple stores stopped trading in 2024, leading to the closure of 7,537 shops. In June, Polish owner Pepco Group sold Poundland to US investment firm Gordon Brothers for £1 after a downturn in trading. The new owners are currently going through the process of shutting up to 68 stores and negotiate lower rents on others. Both Hobbycraft and The Original Factory Shop are also currently shutting branches as part of restructuring efforts. 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." Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
Rhyl Journal
8 hours ago
- Rhyl Journal
Three Claire's stores in North Wales at risk of closing
Claire's revealed on Wednesday (August 13) that it had filed a Notice of Intention to Appoint Administrators ("NOI"). Interpath later confirmed Will Wright and Chris Pole had been appointed joint administrators. The administrators are set to seek a potential rescue deal for the chain, which has seen sales tumble in the face of recent weak consumer demand. This all comes after the US-based Claire's group filed for Chapter 11 bankruptcy in a court in Delaware last week. It is the second time the group has declared bankruptcy, after first filing for the process in 2018. Chief executive of Claire's, Chris Cramer, said: 'This decision, while difficult, is part of our broader effort to protect the long-term value of Claire's across all markets. 'In the UK, taking this step will allow us to continue to trade the business while we explore the best possible path forward. "We are deeply grateful to our employees, partners and our customers during this challenging period.' Claire's currently has 306 stores across the UK and Ireland - 278 in the UK and 28 in Ireland, while it has more than 2,150 employees. All these stores and jobs are now at risk, following Wednesday's administration update. There are three Claire's stores in South Wales that are at risk of closing: Claire's has revealed that for now, all its UK and Ireland stores will remain open and staff will stay in their current positions. Interpath said Mr Wright and Mr Pole will be contacting all of Claire's employees in the UK and Ireland to 'provide further information about what the administration means for them'. RECOMMENDED READING: The major high street brand stores closing in September from Poundland to M&S Full list of every Hobbycraft store closing down - See if your local is shutting Santander closing Flintshire branch within hours - how you'll be affected Mr Wright, UK chief executive at Interpath, said: 'Claire's has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear piercing. 'Over the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company. 'This includes exploring the possibility of a sale which would secure a future for this well-loved brand.'
Leader Live
11 hours ago
- Leader Live
Three Claire's stores in North Wales at risk of closing
Claire's revealed on Wednesday (August 13) that it had filed a Notice of Intention to Appoint Administrators ("NOI"). Interpath later confirmed Will Wright and Chris Pole had been appointed joint administrators. The administrators are set to seek a potential rescue deal for the chain, which has seen sales tumble in the face of recent weak consumer demand. This all comes after the US-based Claire's group filed for Chapter 11 bankruptcy in a court in Delaware last week. It is the second time the group has declared bankruptcy, after first filing for the process in 2018. Chief executive of Claire's, Chris Cramer, said: 'This decision, while difficult, is part of our broader effort to protect the long-term value of Claire's across all markets. 'In the UK, taking this step will allow us to continue to trade the business while we explore the best possible path forward. "We are deeply grateful to our employees, partners and our customers during this challenging period.' Claire's currently has 306 stores across the UK and Ireland - 278 in the UK and 28 in Ireland, while it has more than 2,150 employees. All these stores and jobs are now at risk, following Wednesday's administration update. There are three Claire's stores in South Wales that are at risk of closing: Claire's has revealed that for now, all its UK and Ireland stores will remain open and staff will stay in their current positions. Interpath said Mr Wright and Mr Pole will be contacting all of Claire's employees in the UK and Ireland to 'provide further information about what the administration means for them'. RECOMMENDED READING: The major high street brand stores closing in September from Poundland to M&S Full list of every Hobbycraft store closing down - See if your local is shutting Santander closing Flintshire branch within hours - how you'll be affected Mr Wright, UK chief executive at Interpath, said: 'Claire's has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear piercing. 'Over the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company. 'This includes exploring the possibility of a sale which would secure a future for this well-loved brand.'
