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Poundland Confirms October Closures as Court‑Backed Rescue Advances

The turnaround enters an October phase with firm shutdown dates set for Liscard, Lowestoft, Livingston, Tenby, Inverness.

Overview

  • The retailer has scheduled October closures for Liscard on October 1, Lowestoft on October 10, Livingston on October 12, Inverness on October 12, and Tenby on October 18.
  • So far 57 stores have shut under this year’s programme from 68 announced, with 11 locations paused after agreements with landlords.
  • Over 100 head‑office roles in Walsall have been cut as operations are simplified, with chilled and frozen distribution centres in Darton and Bilston/Springvale closing.
  • Poundland’s transactional website has been retired to browsing only and the Perks loyalty app has been withdrawn as part of the restructuring.
  • The High Court approved the recovery plan last month after the £1 sale to Gordon Brothers, which has committed roughly £90 million, while the estate is being reduced toward 650–700 stores and a £1/£2/£3 grocery pricing model is rolling out.