Overview
- Poundland says sites in Perry Barr, Dundee, Livingston, Musselburgh, Porthcawl and Andover will remain open after new lease agreements.
- The closure programme continues with upcoming dates including Loughborough and Sidcup on November 14, New Malden on November 16, Peckham on November 20, Dalston on November 24, and further shutdowns scheduled through January 2026.
- The chain is executing a plan to reduce its estate from about 800 stores to roughly 650, with 68 closures slated before the end of 2025.
- Operational changes include a return to £1/£2/£3 pricing across UK stores, the removal of online ordering, and the end of Poundland Perks with reward vouchers valid until January 15, 2026.
- The restructuring won High Court approval, around 1,000 jobs are at risk, and court statements say a further £60 million on top of a previous £30 million injection may be needed to stabilize the business.