Discount retail giant Poundland has confirmed a major update to its extensive store closure programme, revealing that six outlets have been saved from the axe while a dozen others are set to shut their doors imminently.
Stages of the Restructuring Plan
This development is part of the chain's significant restructuring strategy, approved by the High Court earlier this year, which rescued the company from the brink of bankruptcy. The plan includes an injection of up to £60 million in new funding and involves the eventual closure of 68 stores, affecting around 1,000 employees.
However, in a positive turn for some communities, Poundland has confirmed that stores in Perry Barr, Dundee, Livingston, Musselburgh, Porthcawl, and Andover will remain open. These locations successfully negotiated new lease agreements with their landlords. Notably, these stores had already begun substantial clearance sales with discounts of up to 40% and had temporarily closed, but are now scheduled to reopen in the coming weeks.
Full List of Store Closures
Despite these reprieves, the closure programme continues at pace. Poundland has released a detailed schedule of shops closing in the near future.
Stores closing from November 2025:
- Loughborough (November 14)
- Sidcup (November 14)
- New Malden (November 16)
- Peckham (November 20)
- Dalston (November 24)
- Beeston (November 27)
- Launceston (November 29)
Stores closing from December 2025 to January 2026:
- Melton Mowbray (December 4)
- Droitwich (December 9)
- Hempstead Valley (December 31)
- Bexhill (January 5, 2026)
- Cameron Toll (January 20, 2026)
Further Closures and Company Changes
An additional seven stores are currently holding clearance sales ahead of their permanent closure in the next two months. These include locations in Leicester, Hornchurch, Ballymena, Oldham, Weston Favell, Portadown, and Mitcham.
This follows a wave of closures that have already taken place throughout October and early November, with shops shutting in towns including Twickenham, Westhoughton, Market Harborough, and Carlisle.
Amidst this restructuring, Poundland has also made significant changes to its customer offering. The company has announced a return to simple £1, £2 and £3 grocery pricing across all its UK stores, a move it describes as a return to its roots. This strategy follows a successful five-month trial in the West Midlands and will see about 60% of grocery items priced at £1.
Furthermore, the retailer has discontinued its Poundland Perks loyalty scheme. Customers have until January 15, 2026, to use any remaining reward vouchers.
