While it’s been a long time since everything in Poundland cost just £1, earlier this year it was revealed that there was one thing about the chain you could get for just a quid: the shop itself.
That’s not a joke. In the summer the entirety of Poundland was sold by its owners Pepco to a US investment company called Gordon Brothers (which used to own Laura Ashley) for a ‘nominal fee’ of a single pound. The low cost was not quite the deal that it appeared at face value – it was estimated that it could cost the new owners up to £100 million to get the brand back on its feet.
Following the sale a huge restructuring plan was announced and approved. Dozens of stores were set to close (68 in total) by the end of 2025, and further Poundlands were expected to shut as a result of the brand seeking rent reductions and lease expirations. Before the closures, Poundland employed over 16,000 people across 792 branches in the UK and Ireland.
Pepco maintains that this does not mean that it’s the end of Poundland, stating that it ‘remains a key player in UK discount retail, with millions of customers annually and a well-loved brand and proposition’, and adding that this is simply a move to ‘[simplify] the group and [focus] on our successful Pepco business.’
Poundland managing director Barry Williams said of the closures: ‘It’s no secret that we have much work to do to get Poundland back on track.’
‘While Poundland remains a strong brand, serving 20m-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.’
Which Poundland stores are closing in 2025?
A total of 13 more Poundlands will shut in October and November. Here are those, with the closing dates:
- Leicester (October 17)
- Tenby (October 18)
- Blackpool, Cherry Tree Retail Park (October 25)
- Deal (October 27)
- Thurrock (October 27)
- Walsall (October 29)
- Matlock (November 2)
- Carlisle (November 9)
- Burnley (November 9)
- Witham (November 12)
- Sidcup (November 14)
- Peckham (November 20)
- Launceston (November 29)
Here are all the Poundland stores that have already closed this year.
- Ammanford, Wales
- Birmingham Fort Shopping Park, West Midlands
- Cardiff, Wales
- Cramlington, Northumberland
- Leicester, Leicestershire
- Long Eaton, Nottinghamshire
- Port Glasgow, Scotland
- Seaham, County Durham
- Shrewsbury, Shropshire
- Tunbridge Wells, Kent
- Bedford, Bedfordshire
- Bidston Moss, Merseyside
- Broxburn, Scotland
- Craigavon, Northern Ireland
- Dartmouth, Devon
- East Dulwich, Greater London
- Falmouth, Cornwall
- Hull St Andrew retail park, East Yorkshire
- Newtownabbey, Northern Ireland
- Perth, Scotland
- Poole, Dorset
- Sunderland Pallion retail park, Tyne and Wear
- Stafford, Staffordshire
- Thornaby, North Yorkshire
- Worcester, Worcestershire
- Brigg, North Lincolnshire
- Canterbury, Kent
- Coventry Hertford Street, West Midlands
- Newcastle Killingworth Centre, Tyne and Wear
- Kings Heath, West Midlands
- Peterborough Orton Gate shopping centre, Cambridgeshire
- Peterlee, County Durham
- Rainham, Kent
- Salford, Greater Manchester
- Sheldon, West Midlands
- Wells, Somerset
- Whitechapel, Greater London
- Swiss Cottage, Greater London
- Southampton West Quay, Hampshire
- Chiswick, Greater London
- Blackburn, Lancashire
- Cookstown, Northern Ireland
- Erdington, West Midlands
- Kimberley Nottingham, Nottinghamshire
- Horsham, West Sussex
- Hull Kingston retail park, East Yorkshire
- Kettering, Northamptonshire
- Omagh, Northern Ireland
- Shepherd’s Bush, Greater London
- Southport, Merseyside
- Taunton, Somerset
- Irvine, Scotland
- Twickenham
- Westhoughton
- Market Harborough
- Lowestoft
- Colne
- Rochdale
Four Poundlands that were set to close have since been saved, after agreements were reached with landlords. Those are:
- Andover
- Livingston
- Musselburgh
- Porthcawl
Time Out also has a complete list of every high-street chain that’s closing stores this year – you can find that here.
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