Poundland has revealed that an additional 10 UK outlets will close, bringing the total number of shops disappearing from British high streets to 30 during October and November.
The struggling retailer has confirmed it will revert to straightforward £1, £2 and £3 grocery pricing throughout all its UK branches as the chain attempts to revive its fortunes after narrowly escaping administration.
The discount retailer pledged to price approximately 60% of grocery products at £1 throughout its network following the alterations, which follows a five-month trial at 17 outlets in the West Midlands.
The company stated the decision will see it return “back to its roots” and signal “the end of additional price complexity”, with straightforward pricing scheduled to be implemented across general merchandise and clothing ranges in forthcoming months.
The total of Poundland outlets is anticipated to fall to roughly 650 or 700 from 800 earlier this year as rental agreements expire or property owners exercise any option to serve notice.
The chain has confirmed that massive clearance sales are occurring in branches which are shutting down to clear the merchandise.
A Poundland spokesperson said: “Customers will be able to take advantage of significant savings as these stores prepare for closure in the days ahead.
“The reductions of up to 40pc will see items marked down in price until they’re sold and cover all the stock in each store from homewares to groceries and clothing to health and beauty.”
In addition to the 20 stores already slated for closure in the next two months, an additional 10 will be shuttered in November as leases expire, according to the chain. The retailer announced in June, after being acquired by investment firm Gordon Brothers, that it intended to close 68 shops and two warehouses in the UK, putting 1,300 jobs at risk.
Darren MacDonald, Poundland’s UK country manager, said: “We know how disappointing it is when we leave a store, but before we close our doors for a final time, we’re determined to say goodbye by offering even more amazing value to customers.
“The special reductions, on top of the value we provide in every store, will help us leave locations we’re leaving with pride.
“And when we close our doors, we look forward to welcoming customers to one of the hundreds of Poundland stores we’ll continue to operate right across the UK.”
11 Poundland stores have already closed this month:
- Twickenham (October 5)
- Westhoughton (October 5)
- Market Harborough (October 9)
- Lowestoft (October 10)
- Colne (October 11)
- Rochdale (October 13)
- Leicester (October 17)
- Tenby (October 18)
- Blackpool – Cherry Tree Retail Park (October 25)
- Deal (October 27)
- Thurrock (October 27
The retailer is set to shut one more store before the end of October:
Walsall (October 29)
While the other previously announced Poundland closures for November are:
- Matlock (November 2)
- Carlisle (November 9)
- Burnley (November 9)
- Witham (November 12)
- Sidcup (November 14)
- Peckham (November 20)
- Launceston (November 29)
- Cameron Toll (January 20, 2026)
A further 10 Poundland closures have now been added to the list:
- Hailsham (November 2)
- Perry Barr (November 2)
- Loughborough (November 14)
- New Malden (November 16)
- Dalston (November 24)
- Beeston (November 27)
- Melton Mowbray (December 4)
- Droitwich (December 9)
- Hempstead Valley (December 31)
- Bexhill (January 5, 2026)
All these Poundland closures are due to leases expiring.
The group also noted that these changes have helped reduce shoplifting by over a quarter in trial stores, by discontinuing the sale of higher-priced items that were attractive to thieves, such as £5 dishwasher tablets.
As part of its recovery plans, Poundland has managed to avoid collapse following High Court approval for a major restructuring plan earlier this week. The retailer was on the brink of running out of money just days before the approval.
The scheme will inject up to £60 million of new funding to keep the retailer afloat and allows it to proceed with a store closure programme. This will result in 68 shops closing, affecting around 1,000 workers.
Barry Williams, Poundland’s managing director, said: “Customers have told us loud and clear during these pilots that they will back a simpler, more focused Poundland that keeps its promise of amazing value.
“We’ve heard them, and the clear success of our pilot is why I’m confident that a Poundland that’s focused on the simple value our customers expect, has a bright future.”
In addition to the pricing overhaul, Poundland will also roll out a re-focused grocery range. It has already been extended to five stores outside of the West Midlands, in Manchester, Liverpool, Hanley, Brixton and Wandsworth.
Poundland stated that when complete, around 60% of grocery items will be priced at £1, 20% will be at £2, and 20% at £3. The firm, which was founded in Burton upon Trent, Staffordshire, in 1990, was sold by Pepco Group to Peach Bidco, a subsidiary of private equity firm Gordon Brothers, for £1 in June.