Poundland Shuts 12 More Stores Today as Court Decision Nears on Rescue Plan
A court ruling this week will determine whether Poundland's restructuring can proceed.
Overview
- Twelve branches shut on 24 August, including Brigg, Canterbury, Coventry, Newcastle and London's Whitechapel.
- The wave brings this month's tally to 37 of 48 announced August closures, with 68 sites targeted by mid-October.
- A High Court hearing on 26 August will consider the restructuring plan that underpins the closures, with the company keeping leases in place pending the ruling.
- Under the proposal, online ordering and the Poundland Perks app will cease on 16 September, and vouchers remain redeemable in stores until 15 January 2026.
- The overhaul follows Poundland's £1 sale to Gordon Brothers with about £80m in funding and includes closing the Darton and Bilston distribution centres and withdrawing frozen food.