Poundland has recently shut down numerous stores as part of a significant restructuring effort following its sale to an investment firm for a nominal fee of £1. The discount retail chain, which previously operated 800 branches, anticipates reducing its footprint to approximately 650 to 700 stores by closing some locations and allowing leases to expire.
The closure process is ongoing, with 23 additional stores slated for shutdown, offering closing down sales with discounts of up to 40%. Among the affected areas are Burnley, Leicester, and Glasgow. Notably, the Livingston store, initially set to close on October 12, will now remain open due to renegotiated terms with the landlord.
While Poundland had announced plans to close 68 stores following the ownership transfer, an update revealed that 11 closures have been postponed. The company is introducing a simplified pricing structure of £1, £2, and £3 for its UK stores, with approximately 60% of grocery items priced at £1, and 20% each at £2 and £3.
Additionally, Poundland has discontinued its loyalty app, Poundland Perks, but customers can redeem vouchers until January 15, 2026. Retail director Darren MacDonald emphasized the commitment to offering exceptional value to customers during store closures, expressing pride in the transition and inviting patrons to visit other Poundland stores across the UK.
The company has also revamped its website to focus solely on product browsing, discontinuing online purchasing.
