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Poundland Adds 14 More Closures, Pushing UK Store Shutdowns Past 100 in Restructuring

The court‑approved turnaround under new owner Gordon Brothers is shrinking the estate following a £1 rescue sale.

Overview

  • The latest tranche will shut by early February, including Hammersmith and Weston‑super‑Mare on December 24, Lancaster on December 19, Northampton Sixfields on December 31, and Nottingham Eastpoint on January 22.
  • Nineteen previously announced closures for December and January are still proceeding, and affected stores are running clearance sales with reductions of up to 40% across all stock.
  • The chain expects to reduce its UK network from about 800 outlets to between 650 and 700 once the restructuring is complete.
  • Earlier waves included 57 closures by the end of September and around 40 sites exiting where landlords chose not to renew leases, alongside company‑targeted exits from least‑profitable shops.
  • Recovery efforts also include a simplified grocery pricing model of £1, £2 and £3 as the business responds to higher operating costs that have weighed on profitability.