Poundland plans 68 store closures as part of restructuring plan
Poundland has announced plans to close 68 stores and two distribution centres, and is also seeking rent reductions at several locations as part of a major restructuring effort.
The closures could put more than 1,000 jobs at risk.
Following the retailer’s recent acquisition by Gordon Brothers, Poundland has now confirmed details of recovery and restructuring plans as it looks to return the business to growth after a period of under-performance. As the restructuring plan is subject to court approval, impacted creditors have been notified, and the court process is expected to conclude by late summer.
The plans also include phasing out Poundland’s in-store frozen food offering, streamlining its chilled food range, and transitioning Poundland.co.uk from a transactional platform to a brand-focused site. In addition, the Perks app will be retired as the business sharpens its focus on the in-store customer experience.
Never Miss a Retail Update!Meanwhile, Poundland’s frozen and digital distribution centre in South Yorkshire will close later this year. This will be followed by the closure of its national distribution centre in Bilston, West Midlands, in early 2026.
The retailer said the store closures and rent reductions will result in Poundland operating around 650 to 700 stores compared to the current 800.
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.”
