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Poundland Sets October Closure Dates as Three Branches Are Saved in Ongoing Overhaul

The downsizing follows the £1 sale to Gordon Brothers, with the chain aiming for roughly 650 to 700 stores.

Overview

  • Poundland will shut Rochdale on October 13, Leicester on October 17 and Tenby on October 18 as the latest scheduled closures take effect.
  • Final clearance events of up to 40% off are running at stores preparing to close, according to company announcements.
  • Three outlets originally earmarked for closure have been rescued after landlord agreements, with Porthcawl reopening October 11, Livingston October 13 and Musselburgh October 17.
  • The retailer says 57 stores had already closed by late September, and current lists show further closures through October and into November including Walsall on October 29.
  • Reports detail operational changes under consideration by the new owners, including withdrawing online sales, cutting frozen and reducing chilled ranges, and closing some distribution centres.