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Poundland Closures: Bargains Chain Reveals Next Wave of UK Stores Closing Down, Full List of Locations Near Me
Poundland plans to reduce its UK store estate from about 800 to 650-700 amid a 7.1% sales decline, closing 68 stores as part of its turnaround strategy.
- Poundland is closing 68 UK stores in 2025, with closures scheduled through mid-September across multiple locations nationwide.
- This store reduction follows Poundland’s acquisition in June 2025 by US investment firm Gordon Brothers, who inherited struggling trading conditions noted by the former owner Pepco.
- The restructuring plan includes negotiating lower rents, closing distribution centers in Darton later this year and Bilston by early 2026, ceasing online sales, and expanding womenswear and seasonal ranges pending High Court approval.
- Between April 1 and June 12, Poundland's revenue declined 10.3 percent to £347 million, like-for-like sales fell 7.1 percent, and 19 stores were already shut, while retail director Darren MacDonald expressed regret for affected customers.
- These closures and operational changes signal significant restructuring to improve profitability amid market challenges, though Poundland remains a key player with millions of annual customers.
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Total News Sources29
Leaning Left4Leaning Right0Center13Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 24%
C 76%
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