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Poundland Update After 149 Stores Close and 2,200 Staff Go with Product Eliminated
- In an update on Friday, Poundland said its restructure that closed nearly 150 shops and axed 2,200 jobs is finished, reducing its estate to 651 stores.
- Approved in August, the High Court‑sanctioned restructuring followed Poundland’s £1 sale to investment firm Gordon Brothers last June, helping avoid administration.
- It is returning to a simple £1, with around 60% of grocery items at £1, and reintroducing PEP&CO clothing with 90% of items below £10, Poundland said.
- Poundland reported that to clear closing stores, extensive sales are offering reductions of up to 40%, with all stock marked down until sold, following a quarter to December 28 where like-for-like sales dropped 2.9%.
- Amid the consolidation, a further 12 Poundland stores are scheduled to close over the coming weeks, while Jollyes will open its fifth store at Cherry Tree Retail Park, Blackpool on January 24, 2026.
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The Independent
The IndependentPoundland says store closure overhaul finished, but ‘much to do’ in turnaround
The retailer’s restructure saw it end 2025 with 149 fewer shops and a reduced workforce after axing 2,200 jobs. Poundland has said its sweeping restructure that saw it shut nearly 150 shops and axe 2,200 jobs has finished, but that it still has “much to do” to get back on track. The troubled discount retailer, which secured approval last August from the High Court for its restructuring plan, confirmed it ended the year with 651 sites, down from …
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Total News Sources27
Leaning Left3Leaning Right2Center16Last UpdatedBias Distribution76% Center
Bias Distribution
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76% Center
14%
C 76%
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