Discount chain Poundland has confirmed a significant wave of permanent store closures, with 68 shops set to shut their doors forever in December and the early part of 2026.
Restructuring Plan Approved to Avert Collapse
The move follows the High Court's approval of a major restructuring plan for the retailer, which was initiated just days before the company was due to run out of money. The chain, which was taken over by investment firm Gordon Brothers, had already closed a number of locations and has now launched a recovery strategy.
Barry Williams, Poundland's managing director, expressed confidence in the future, stating: “I’m confident that a Poundland that’s focused on the simple value our customers expect has a bright future.”
Challenging Retail Environment and Rising Costs
Tom Smith KC, representing Poundland, explained the context behind the difficult decision. He noted that while the group performed well before and during the Covid-19 pandemic, it has struggled in the last two years within an increasingly tough UK retail landscape.
In response to these challenges, Poundland attempted to broaden its offering by adding chilled and frozen products and introducing online sales. However, these changes led to increased operating costs. These were further compounded by rises in the UK National Living Wage and employer National Insurance contributions.
The plan will impact around 1,000 staff members across the 68 locations slated for closure.
Full List of Poundland Store Closures
Closures in December 2025:
- Melton Mowbray - December 4
- Droitwich - December 9
- Hempstead Valley - December 31
Closures in January 2026:
- Bexhill - January 5, 2026
- Cameron Toll - January 20, 2026
The closures mark a pivotal moment for the discount retailer as it seeks to streamline its operations and return to its core value proposition in a bid to secure long-term stability.
