There are over 800 Poundland shops around the UK, but that number could be slashed under the terms of a new deal proposed by its new owners
Poundland has been sold for £1 to an investment firm with a turnaround plan that will see up to 100 of the discount stores shutting down.
There are over 800 Poundland shops around the UK, but that number could be slashed under the terms of a new deal proposed by its new owners.
You can see the Poundland stores in your area by putting your postcode into this interactive map.
Poundland was put up for sale earlier this year after a downturn in trading. Reported revenues dropped by 6.5% to £830 million for the six months to March, compared with a year earlier. During this period the chain cut down the number of stores by 18 outlets.
Here are the stores which are due to close in the next few weeks:
- Union Gate, Bristol – Closing June 20
- Flint – Closing June 21
- Cowes, Isle of Wight – Closing July
- Newquay – August 1
And the following stores closed since last year:
- Connswater Shopping Centre, Belfast – Closed in March 2024
- Macclesfield – Closed in August, 2024
- Maidenhead – Closed in October, 2024
- Sutton Coldfield – Closed in October 2024
- Crystal Palace, Westow Street – Closed February 2025
- Clapham Junction Station, London – Closed May, 2
- Belle Valle Shopping Centre, Liverpool – Closed May 6
- St George’s Centre, Gravesend – Closed May 8
- Southwark Park Road – Closed May 14
- Copdock Mill Interchange, Ipswich – Closed May 20
- Brackla, Wales – Closed May 24
- Chiswick High Road – Closed May 28
- Filton Abbeywood – Closed May 31
- Surrey Quays – Closed June 11
- Barrow Dalton Road- Closed June 12
A deal has now been agreed which will see the owner Pepco Group sell Poundland to investment firm Gordon Brothers, which previously owned Laura Ashley.
The sale was completed for a “nominal fee” which was, appropriately, for the sum of one pound.
Gordon Brothers has proposed a restructure of the company which will see around 100 stores disappear from the High Street, if the plan is given approval after a court hearing.
Poundland started in 1990 with its first store in Burton Upon Trent and retains a strong presence in the Midlands. There are 86 stores in London alone and 123 in the North West of England.
Stephan Borchert, Pepco Group chief executive, said: “This transaction will strongly support our accelerated value creation programme by simplifying the group and focusing on our successful Pepco business.
“Poundland remains a key player in UK discount retail, with millions of customers annually and a well-loved brand and proposition.
“We want to sincerely thank all the Poundland team for their ongoing commitment and contribution to the group and wish Barry Williams and his team all the best for the future.”
Mr Williams, chief executive of Poundland, said: “We welcome Gordon Brothers as we focus on returning Poundland to its core heritage category strengths and place as an essential business to UK households.
“We look forward to working with our supplier base to ensure we continue providing exceptional value to budget-conscious consumers in the UK.”
