Poundland had previously announced plans to close 68 branches after it was sold for £1 to investment firm Gordon Brothers, the former owner of Laura Ashley
Poundland is closing another 11 stores today after the discount chain saw its restructuring plan approved by the High Court this week.
The budget retailer had warned it risked running out of money in days if the deal was not given the green light. Poundland had previously announced plans to close 68 branches after it was sold for £1 to investment firm Gordon Brothers, the former owner of Laura Ashley.
Poundland has already closed 40 of these branches, and another 11 stores will pull down the shutters permanently today. This includes stores in locations such as Birmingham and Nottingham.
Another closure, in Irvine, Scotland has also been scheduled on September 14. Poundland had around 800 stores before it was sold. The company expects the latest closures, alongside leases expiring, will see its store estate eventually reduced to between 650 and 700.
Poundland will also close its distribution centre at Darton, South Yorkshire and its national distribution centre at Bilston in the West Midlands in early 2026.
It comes after the discount chain revealed it is rolling out a new simpler £1, £2, £3 pricing structure to its UK stores, as part of plans to go “back to its roots”.
The new pricing will be available in all UK stores in phases between now and September, following a successful trial at 17 stores in the West Midlands.
In the pilot stores, prices were significantly reduced and ranges re-focused on customer favourites. The proportion of grocery items at £1 increased to over 60%.
Once the rollout is complete, around 60% of grocery items will be at £1, 20% will be at £2, and 20% at £3. Examples of £1 lines across household, grocery and confectionery include Pink Stuff Paste (850g), Cif Lemon Cream cleaner (500ml), Heinz Baked Beans (415g), John West Tuna (125g), Haribo Starmix (160g), Werther’s Original (135g).
The new pricing will be introduced to snacks, ambient drinks, pet food and household categories from this week, with other grocery ranges, confectionery, health and beauty and chocolate, biscuits and cakes moving over by the end of September.
Poundland claims removing more expensive £5 items has seen shoplifting has reduced by over 25% in the trial stores. In one store – Park Street in Walsall – a regular shoplifter made a complaint that the higher priced item they regularly stole had been delisted.
Poundland store closures
Closing on August 31
- Blackburn
- Cookstown
- Birmingham
- Nottingham
- Horsham
- Hull
- Kettering
- Omagh
- Shepherds Bush
- Southport
- Taunton
Closing on September 14
Poundland stores that have already shut
- Ammanford
- Bedford
- Bidston Moss
- Birmingham Fort
- Brigg
- Broxburn
- Canterbury
- Cardiff Valegate
- Chiswick
- Coventry
- Craigavon
- Cramlington
- Dartmouth
- East Dulwich
- Falmouth
- Hull St Andrews
- Kings Heath
- Leicester
- Long Eaton
- Newcastle
- Newtonabbey
- Perth
- Peterborough
- Peterlee
- Poole
- Port Glasgow
- Rainham
- Salford
- Seaham
- Sheldon
- Shrewsbury
- Southampton West Quay
- Stafford
- Sunderland
- Swiss Cottage
- Thornaby
- Tunbridge Wells
- Wells
- Whitechapel
- Worcester
