Overview

• Poundland’s Canterbury St George’s Street store will close on July 23 after more than 15 years of service.
• It is the latest of 68 outlets scheduled for closure this month, with another 150 sites under review.
• The retailer expects its UK & Ireland network to contract to around 650–700 stores from about 800 today.
• Management has launched formal consultations over roughly 1,000 job losses tied to the restructuring.
• Former owner Pepco sold the chain to turnaround specialist Gordon Brothers for a nominal sum backed by an £80 million financing package.