Fans of Poundland will know all too well that it’s hardly even Poundland anymore. Gone are the days when you knew exactly how much everything costs – you’ve got to check the labels to make sure you’re not being charged a fiver. Despite that, there is still one thing it appears you can get for just a quid: the shop itself.
That’s not a joke. Earlier this 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 is not quite the deal that it appears at face value – it could cost the new owners up to £100 million to get the brand back on its feet.
Following the sale a huge restructuring was announced and, this week (on August 26), the plan was approved. Dozens of stores are set to close (68 in total) by the end of 2025, and further Poundlands could 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?
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
Here are all the Poundland branches that are set to close on August 31.
- 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
One further shop will close on September 14:
- Irvine, Scotland
A total of 16 more Poundland shops will shut before the end of 2025, though locations have not yet been revealed.
We also have a complete list of every high-street chain that’s closing stores this year – you can find that here.
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