Overview

• Judges approved the restructuring this week, freeing investor funding and averting a projected cash shortfall by September 7.
• The latest wave takes permanent closures to more than 40 so far, with 68 set to shut by mid‑October as the estate is reduced to roughly 650–700 stores.
• Court sanction allows lease surrenders and rent cuts at up to 180 sites, with about 1,000 store roles and 350 warehouse roles at risk and the Darton and Bilston distribution centres set to close, with Bilston slated for early 2026.
• Online shopping, frozen food and the Poundland Perks loyalty app will be withdrawn on September 16 as the retailer streamlines its offer.
• Poundland is rolling out a simpler £1/£2/£3 pricing model nationwide after trials that the company says cut shoplifting by more than 25%.