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last mo.

Iceland, Poundland and Other Chains Set to Close UK Stores by July

Operational cost pressures from rising taxes coupled with declining footfall prompt chains to shrink their UK networks.

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Overview

  • The Works will close its Margate High Street store on June 8 as part of a wider portfolio optimisation plan.
  • Poundland is due to shut its Surrey Quays branch on June 11 with roughly 200 further outlets at risk and a potential sale to Gordon Brothers or Hilco underway.
  • Iceland has confirmed that its Margate supermarket will shut on June 21 and its Inverness city centre store will close on July 12, with affected staff offered redeployment.
  • The Original Factory Shop will cease operations at nine loss-making sites, including Pershore and Normanton, on June 28.
  • Retailers blame rising employer National Insurance contributions, higher minimum wages and lower customer footfall for the closures, with an estimated 17,350 UK stores expected to shut in 2025.