Latest news with #BarryWilliams
Rhyl Journal
a day ago
- Business
- Rhyl Journal
Rhyl and Prestatyn Poundland shops set to avoid closing down
Poundland unveiled its 'recovery plan' in June, following its acquisition for just £1 by Gordon Brothers. This included proposals to close 68 of its shops in the UK – but the company has now confirmed that there are no plans to cease trading at the following locations: A Poundland spokesperson said yesterday (July 21): 'None of these Welsh stores are on our closure list. 'Over time, we expect to have around 650-700 stores in our store network, compared to circa 800 today. 'But we have no plans to close any of these stores as part of that programme.' Poundland shut another of its North Wales shops, in Flint, last month. It also plans to reduce its chilled food offer, and to simplify its digital presence. Barry Williams, managing director of Poundland, said: 'It's no secret that we have much work to do to get Poundland back on track. 'While Poundland remains a strong brand, serving 20million-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.'
North Wales Chronicle
a day ago
- Business
- North Wales Chronicle
Holyhead Poundland shop to stay amid 68-store closure plan
Poundland unveiled its 'recovery plan' in June, following its acquisition for just £1 by Gordon Brothers. This included proposals to close 68 of its shops in the UK – but the company has now confirmed that there are no plans to cease trading at the following locations: A Poundland spokesperson said yesterday (July 21): 'None of these Welsh stores are on our closure list. 'Over time, we expect to have around 650-700 stores in our store network, compared to circa 800 today. 'But we have no plans to close any of these stores as part of that programme.' Poundland shut another of its North Wales shops, in Flint, last month. It also plans to reduce its chilled food offer, and to simplify its digital presence. Barry Williams, managing director of Poundland, said: 'It's no secret that we have much work to do to get Poundland back on track. 'While Poundland remains a strong brand, serving 20million-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.'
Metro
14-07-2025
- Business
- Metro
Poundland chain confirms further store closures in a blow to shoppers
Yet more Poundland stores are about to close after the chain was acquired for £1 in a rescue deal. Investment firm Gordon Brothers bought the struggling discount shop last last month, with Poundland going into a 'restructuring' process. Poundland confirmed today that 68 shops and two warehouses will shutter as part of the plan, subject to a court's approval. The company told Metro that a full list of store closures though it confirmed that the end goal would be reducing the number of Poundland stores from about 800 to 650. Poundland will also scale back its frozen food lines but also add more women's clothing and seasonal items, the business news website said. In the latest blow for shoppers the shop's branch in Colchester, Essex, closed last week, with two more branches in Dudley and Telford shutting on July 18 and 19. The bargain chain's 16,000 staff face an uncertain future as it negotiates with landlords to reduce rents amid tough trading conditions. In the six months leading up to March, Poundland reported a 6.5% slump in revenue to £830million. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Barry Williams, managing director of Poundland, said: 'It's no secret that we have much work to do to get Poundland back on track. These are the Poundland branches which have already closed since March 2024: Connswater Shopping Centre, Belfast – closed March 2024 – closed March 2024 Macclesfield – closed August, 2024 – closed August, 2024 Maidenhead – closed October, 2024 – closed October, 2024 Sutton Coldfield – closed October, 2024 – closed October, 2024 Clapham Junction Station, London – closed May 2 – closed May 2 Belle Vale Shopping Centre, Liverpool – closed May 6 – closed May 6 St George's Centre, Gravesend – closed May 8 – closed May 8 Southwark Park Road – closed May 14 – closed May 14 Copdock Mill Interchange, Ipswich – closed May 20 – closed May 20 Brackla, Wales – closed May 24 – closed May 24 Chiswick High Road – closed May 28 – closed May 28 Filton Abbeywood – closed May 31 – closed May 31 Surrey Quays – closed June 11 – closed June 11 Barrow Dalton Road – closed June 12 – closed June 12 Union Gate, Bristol – closed June 20 – closed June 20 Flint – closed June 21 – closed June 21 Colchester – on July 10 These Poundland branches are still yet to close: Telford – closing July 19 closing July 19 Newquay – closing July 30 – closing July 30 Cowes, Isle of Wight – closing July 30 – closing July 30 Newquay – closing August 1 'While Poundland remains a strong brand, serving 20 million-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. More Trending '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.' Stephan Borchert, Pepco Group chief executive, said: 'This transaction will strongly support our accelerated value creation programme by simplifying the group and focusing on our successful Pepco business.' A version of this article was previously published on June 17, 2025 Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. View More » MORE: Beloved toy store closes another 29 stores after drop in profits MORE: Full list of 38 New Look stores closing down in 2025 MORE: Popular discount store to close eight shops today – is yours going? Your free newsletter guide to the best London has on offer, from drinks deals to restaurant reviews.
Glasgow Times
08-07-2025
- Business
- Glasgow Times
Discount retailer's Glasgow store at risk of closure
Poundland's shop at 1588 Great Western Road in Anniesland is among 68 of the brand's stores facing closure, if plans are approved. It comes after the company was taken over by the Gordon Brothers in June 2025. Following the takeover, the firm announced details of a 'recovery plan' to return the 'business to growth'. As part of the plan, the beloved discount store launched its 'restructuring plan', which is described as a 'foundational element' of the brand's recovery plan. READ MORE: Jobs at risk as Poundland 'to close' more than 50 UK shops READ MORE: Major retailer closing down Glasgow Silverburn store Poundland revealed the proposal is intended to deliver 'a financially sustainable operating model for the business after an extended period of under-performance'. If approved by the courts, the chain's restructuring plan, alongside the broader recovery plan, is expected to result in: The closure of 68 stores and rent reductions across a number of other locations will result, over time, in an anticipated network of around 650-700 stores. Poundland's withdrawal from the retail sale of frozen food in the stores where it's currently offered. The reduction of its chilled food offer, which will in future be anchored around its market-leading £3 meal deal and other essentials such as milk. The closure of Poundland's 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. Delivery volumes from a streamlined Poundland will be absorbed into its existing distribution centres in Wigan and Harlow. The simplification of Poundland's digital presence, converting from a transactional website to a brand website, and the retirement of its Perks app as the business focuses on its in-store offer for customers. The return of ranges lost during the transition to Pepco-sourced products – for example, a greater depth of womenswear in its clothing offer, the return of key seasonal general merchandise ranges, and the restoration of product categories customers have missed. Poundland said that impacted creditors have been contacted, and the court timetable is expected to conclude later this summer. Barry Williams, managing director of Poundland, said: 'It's no secret that we have much work to do to get Poundland back on track. '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.' It is understood that staff at the store in Glasgow's Anniesland have been informed about the potential closure. If plans materialise to close the store, Poundland said they would work with staff members to explore any suitable alternative roles. While the brand has unveiled plans to potentially shut its Anniesland store, it still has several other locations across Glasgow, including one on Sauchiehall Street and another on Argyle Street.
Powys County Times
23-06-2025
- Business
- Powys County Times
Poundland confirm short-term future of Welshpool store
Poundland have confirmed that Powys customers will still be able to shop at their stores – for now. The company which has been brought out US investment firm Gordon Brothers has said the stores in Welshpool and Aberystwyth would not be among the initial 68 stores that are set to close if their restructuring plan is accepted. The company, which has been in financial turmoil, will be subject to big changes if the plan is accepted by the court. If approved, Gordon Brothers, who used to own Laura Ashley, will pursue 'the closure of 68 stores and rent reductions across a number of other locations'. Currently the company has around 800 stores across the UK but if the plans go ahead it will 'result, over time, in an anticipated network of around 650-700 stores' – meaning the Welshpool and Aberystwyth stores may not be entirely safe in the long term. Barry Williams, managing director of Poundland said: 'It's no secret that we have much work to do to get Poundland back on track. 'While Poundland remains a strong brand, serving 20 million-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.' Help support trusted local news Sign up for a digital subscription now: As a digital subscriber you will get Unlimited access to the County Times website Advert-light access Reader rewards Full access to our app The changes would also see Poundland would end its sale of frozen food and a reduction of its chilled food offer which would 'be anchored around its market-leading £3 meal deal and other essentials such as milk'. The company have also promised 'the return of ranges lost during the transition to Pepco-sourced products – for example a greater depth of womenswear in its clothing offer, the return of key seasonal general merchandise ranges and the restoration of product categories customers have missed.'
