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Poundland to close 18 UK stores over the coming months - see the full list
The closures follow lease expirations as part of restructuring after Gordon Brothers' takeover, with 1,300 jobs at risk from shutting 68 stores and two warehouses, Poundland said.
- Poundland is set to close another 18 stores across the UK over the coming months, the retailer said, with closures planned for October and November as leases expire.
- After its takeover by Gordon Brothers, Poundland began restructuring from around 800 stores, recently closing 57 stores as part of large-scale closures.
- The retailer listed the affected sites starting with Twickenham and including Westhoughton, Market Harborough, and Peckham, while extensive clearance sales are underway with markdowns as they prepare to close.
- The immediate impact includes clearance sales with price cuts as closing-store staff prepare for shutdowns, while earlier plans to close 68 shops and two warehouses put 1300 jobs at risk.
- The chain expects its estate to fall from around 800 stores to around 650 or 700 as leases expire, and Darren MacDonald said it will continue operating hundreds of stores.
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