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Poundland Presses On With October Closures as Three Stores Are Saved to Reopen

The downsizing follows a £1 sale to Gordon Brothers, targeting a leaner 650–700-store estate.

Overview

  • Rochdale is scheduled to shut on October 13, with further October closures confirmed in Leicester on October 17, Tenby on October 18 and Walsall on October 29.
  • Branches in Porthcawl, Livingston and Musselburgh that had been due to close were rescued through new landlord deals and will reopen on October 11, 13 and 17 respectively.
  • Poundland says 57 stores had closed by September 28 under an initial programme, with 11 closures placed on hold as negotiations continued.
  • Clearance sales of up to 40% off are running at sites designated to close as the company winds down those locations.
  • Reports attribute proposed operational changes to the new owners, including cutting frozen and reducing chilled ranges, closing distribution centres and discontinuing online sales.