Poundland has updated its plans regarding store closures, with 11 previously announced closures being put on hold. The budget retailer had initially intended to close 68 stores following its acquisition by investment firm Gordon Brothers for a nominal fee. However, Poundland has now revealed that 11 of these planned closures, including the Irvine Rivergate Centre location, have been postponed. The store in Irvine, which was scheduled to shut down on September 14, has now reopened.
Additionally, planned closures for October in Brighton (London Road) and Anniesland (Great Western Road) have also been postponed. Furthermore, a closure in Whitby has been canceled after Poundland reached an agreement with the landlord.
Despite these adjustments, Poundland maintains its expectation to reduce its store count to around 650 to 700 as leases expire, down from the original 800 branches at the start of the restructuring process. Six stores are still set to close on September 28 in various locations.
Poundland’s managing director, Barry Williams, expressed determination to offer customers great value and simplicity. The company is implementing a new pricing structure of £1, £2, and £3 for its UK stores, with the majority of grocery items priced at £1. Poundland is also revamping its website to focus on product browsing only, discontinuing its Poundland Perks loyalty app.
Customers will be able to use existing vouchers until January 15, 2026, despite the app closure. The changes reflect Poundland’s commitment to providing value and convenience to its customers as it continues its business transformation.