US EditionMore than 1,000 jobs at risk as Poundland plans 68 store closures
UNITED KINGDOM, JUN 17 – Poundland aims to cut costs by closing 68 UK stores and two distribution centres, risking over 1,300 jobs to restore profitability after sales declined 6.5%, company said.
- Poundland announced plans today, June 17, 2025, to close 68 UK stores and two warehouses after its sale to investment firm Gordon Brothers.
- The closures followed Poundland's sale by Pepco Group for £1 last week, after the retailer faced a sharp downturn in trading over recent years.
- The restructuring plan includes seeking court approval to shut shops, secure rent reductions on more stores, and reduce chilled and frozen food offerings.
- Managing director Barry Williams acknowledged that although Poundland remains a well-established brand, its results have not met the company’s expectations for an extended time.
- If approved, the plan aims to secure the future of hundreds of stores and jobs, with around 350 employees affected by warehouse closures and 650 to 700 stores expected to remain.
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Bromsgrove Advertiser+4 Reposted by 4 other sources
Poundland plans to shut 68 shops and two warehouses - including one in West Midlands
More than 1,300 jobs are at risk at Poundland after the retailer announced plans to shut 68 shops and two of its UK warehouses.
·Bromsgrove, United Kingdom
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Leaning Left5Leaning Right6Center55Last UpdatedBias Distribution83% Center
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