Poundland has disclosed the locations of an additional 12 stores set for closure as part of its restructuring plan, bringing the total number of closures planned to 52. These stores are among the 68 identified for closure as a result of Poundland’s acquisition by investment firm Gordon Brothers from Pepco Group in June. Thirteen of the 68 stores have already closed, with 10 shutting down last Sunday on August 10.
In addition, Poundland has announced the closure of 15 stores on August 17 and 12 more on August 24. Following this, the retailer has identified another 12 stores slated for closure. The closure dates for these stores range from August 31 to September 14, with 11 closing at the end of August and the remaining one shutting down in mid-September.
Poundland is currently bound to leases on these closing stores until its restructuring plan is approved by the High Court and creditors, with a hearing scheduled for August 26. The retailer anticipates further closures as leases expire, aiming to reduce its estate from around 800 stores to 650-700.
Darren MacDonald, Poundland’s retail director, expressed understanding for customers affected by store closures and welcomed them to visit other Poundland stores in the future. Staff at the affected stores are undergoing a formal consultation process to explore alternative roles. The Grocer reported that employees at the recently confirmed closing stores were briefed on the closures last week.
As part of its restructuring plan, Poundland will eliminate frozen food from its stores, halt online trading, and retire its Perks loyalty app. The company’s frozen and digital distribution center in Darton, South Yorkshire, is set to close this year, with its national distribution center in Bilston, West Midlands, following suit in early 2026. The remaining stores will be supplied from distribution centers in Wigan and Harlow.
Gordon Brothers has committed to investing £80 million in the turnaround of Poundland after acquiring the company for £1. Recent financial reports from Pepco Group, Poundland’s parent company, revealed a 10.3 percent decline in revenue to €347m between April 1 and the sale completion on June 12. During the same period, like-for-like sales dropped by 7.1 percent, and the number of Poundland stores decreased from 818 to 799.
Notably, three of the 68 stores had already closed before the restructuring plan announcement on June 17. These stores were located in Swiss Cottage (closed April 20, 2024), Chiswick (closed May 28, 2025), and Southampton West Quay (closed June 9, 2025).