The UK bargain chain is closing multiple sites as part of a restructuring plan launched earlier this year
A major UK retailer is closing 10 stores today (Sunday) – with 42 more of its stores to shut their doors for good in the coming weeks. Poundland will close 15 stores on August 17, and 12 on August 24, with more closures planned for later dates.
This forms part of a restructuring plan that the company launched in June after it was sold to investment firm Gordon Brothers for £1. Poundland is expected to reduce its portfolio to around 700 stores, with up to 150 stores at risk of closure.
The new owners have proposed axing frozen foods, reducing chilled foods, closing distribution centres, not selling online, and providing more women’s wear and seasonal ranges, reports the Express.
Earlier this week, the retailer launched a major clearance sale, slashing the price of hundreds of products, with some on sale for 10p. The sale includes significant discounts across categories such as toiletries, children’s toys, and seasonal products.
Darren MacDonald, retail director, said: “It is, of course, sincerely regrettable that our recovery plans include any store closures, but sadly that’s necessary if we’re to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
“While our anticipated network of around 650-700 stores remains a sizeable one, we entirely understand how disappointing it will be for customers when one nearby, closes. Nevertheless, we look forward to continuing to welcome them to a nearby Poundland.
“It goes without saying that we will work closely with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles. That work is underway.”
Poundland CEO Barry Williams said: “Although recent trading has been challenging, we have built a turnaround plan with a simplified and more focused Poundland at its heart, as we aim to deliver the amazing value our customers expect.”
Here is a full list of the 52 Poundland stores closing in August and September
- Ammanford – August 10
- Bedford – August 17
- Bidston Moss – August 17
- Birmingham Fort – August 10
- Blackburn – August 31
- Brigg – August 24
- Broxburn – August 17
- Canterbury – August 24
- Cardiff Valegate – August 10
- Coventry – August 24
- Cookstown – August 31
- Craigavon – August 17
- Cramlington – August 10
- Dartmouth – August 17
- East Dulwich – August 17
- Erdington – August 31
- Falmouth – August 17
- Horsham – August 31
- Hull St Andrews – August 17
- Inverclyde – unknown
- Irvine – September 14
- Kettering – August 31
- Kimberley – August 31
- Kings Heath – August 24
- Leicester – August 10
- Long Eaton – August 10
- Newcastle – August 24
- Newtonabbey – August 17
- Omagh – August 31
- Perth – August 17
- Peterborough – August 24
- Peterlee – August 24
- Pontypool – September 7
- Poole – August 17
- Port Glasgow – August 10
- Rainham – August 24
- Salford – August 24
- Seaham – August 10
- Sheldon – August 24
- Shepherd’s Bush – August 31
- Shrewsbury – August 10
- Southport – August 31
- Stafford – August 17
- Sunderland – August 17
- Taunton – August 31
- Thornaby – August 17
- Tunbridge Wells – August 10
- Wealdstone – September 6
- Wells – August 24
- Whitby – September 3
- Whitechapel – August 24
- Worcester – August 17
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