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More 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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