Poundland has announced the imminent closure of an additional 12 stores as part of its restructuring plan, bringing the total number of identified closures to 52. These closures are among the 68 stores set to shut down following Poundland’s acquisition by Gordon Brothers from Pepco Group in June. Thirteen of the 68 stores have already ceased operations, including 10 closures on August 10.
Moreover, Poundland has disclosed the locations of 15 stores closing on August 17 and 12 branches that will shut down on August 24. The retailer has also identified 12 more stores set to close after these, with 11 confirmed closures on August 31 and the final closure on September 14.
Poundland is committed to its leases on the closing stores until its restructuring plan gains approval from the High Court and creditors, with a hearing scheduled for August 26. The company anticipates more closures as leases expire, aiming to reduce its estate from approximately 800 stores to 650-700.
Retail director Darren MacDonald stated, “When a store nearby closes, we understand how disappointing that is for customers, but nevertheless look forward to welcoming them to another Poundland store in the future.” Poundland is supporting affected staff through a formal consultation process to explore suitable alternative roles. The Grocer reported that employees at the latest confirmed closure stores were informed of the decision last week.
As part of its restructuring plan, Poundland will remove frozen food from its stores, halt online trading, and discontinue its Perks loyalty app, which was launched last year. The company’s frozen and digital distribution center in Darton, South Yorkshire, will close this year, with its national distribution center in Bilston, West Midlands, following suit in early 2026. Stores will be supplied from the remaining distribution centers in Wigan and Harlow.
Gordon Brothers has pledged to invest £80 million in Poundland’s turnaround after acquiring the company for £1. The parent company, Pepco Group, revealed a revenue decline of 10.3% to €347m for Poundland between April 1 and the completion of the sale on June 12. Like-for-like sales dropped by 7.1% during the same period, while the number of Poundland stores decreased from 818 to 799.
Three of the 68 stores had already closed before Poundland announced its restructuring plan on June 17, including locations in Swiss Cottage (closed April 20, 2024), Chiswick (closed May 28, 2025), and Southampton West Quay (closed June 9, 2025).