Overview

• Gordon Brothers acquired Poundland for a nominal £1 after the discount chain’s sales and profits declined.
• The turnaround plan calls for closing 68 Poundland outlets across England, Wales and Scotland.
• The Darton distribution centre in South Yorkshire is set to close this year and a Bilston hub will follow by early 2026.
• Poundland will withdraw frozen food sales and scale back its chilled range to core essentials.
• Founder Steve Smith said his bid to rescue the chain was turned down and analysts warn the wider sector could shed over 200,000 jobs in 2025.