Overview
- Fourteen additional branches will shut by early February, including sites in Lancaster, Hammersmith, Liverpool, Yeovil and Coatbridge, after a new winter tranche was confirmed on 5 December.
- Clearance sales with discounts of up to 40% are underway at affected shops as they sell through stock across homeware, groceries, clothing and beauty.
- Nineteen previously announced closures scheduled through December and January continue, alongside earlier shutdowns where landlords ended leases and 57 closures completed by September.
- Poundland was sold for £1 to Gordon Brothers in June and avoided administration in August when the High Court approved its restructuring plan.
- The turnaround includes narrowing ranges and a return to simple grocery price points of £1, £2 and £3, with the chain citing rising wage and NI costs and past expansion of costly ranges for its profit squeeze.