Poundland has recently closed numerous stores as part of a significant business reorganization following its sale to an investment firm for a nominal fee of £1.
Earlier this summer, the budget retail chain had 800 branches, but it anticipates reducing this number to approximately 650 to 700 stores through a combination of closures and lease expirations.
The closure of Poundland stores is ongoing into the autumn, with 23 locations set to shut down and offering closing sales with discounts of up to 40%. Among the affected stores are those in Burnley, Leicester, and Glasgow.
While the Livingston store was initially scheduled to close on October 12, it will now remain open after reaching new terms with the landlord. The branch will temporarily close on October 4 for restocking and reopen on October 13.
Following its acquisition by investment firm Gordon Brothers for £1, Poundland had announced plans to close 68 stores. However, a subsequent update revealed that 11 of these closures have been put on hold for the time being.
Poundland is introducing a simplified pricing structure of £1, £2, and £3 for its UK stores, with an estimated 60% of grocery items priced at £1, 20% at £2, and 20% at £3. The company has also modified its website to offer product browsing only, discontinuing online purchases.
The Poundland Perks loyalty app has been discontinued, but existing vouchers can be redeemed until January 15, 2026. Poundland’s retail director, Darren MacDonald, expressed gratitude to customers and emphasized the continued operation of hundreds of Poundland stores across the UK.
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