Poundland has announced a pause in the closure of 11 stores that were part of its restructuring plan. The discount retailer had initially disclosed the intention to shut down 68 stores following its acquisition by investment firm Gordon Brothers for £1. However, Poundland has now revealed that 11 of the planned closures have been halted temporarily.
Among the reprieved stores is Poundland’s Irvine Rivergate Centre branch, which was scheduled to shut permanently on September 14. Another two closures planned for October in Brighton (London Road) and Anniesland (Great Western Road) have also been postponed.
Additionally, a planned closure in Whitby has been canceled after Poundland reached an agreement with the landlord of that location. Despite these changes, Poundland maintains its expectation to eventually 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 for closure on September 28 in Glasgow, Havant, Shropshire, Derbyshire, Swanley, and Uttoxeter as part of the initial 68-store closure list. Poundland’s Managing Director, Barry Williams, expressed determination to offer customers excellent value as the company focuses on a more streamlined approach.
In line with its simplification efforts, Poundland is introducing a new pricing structure of £1, £2, and £3 for grocery items in its UK stores. By the end of the month, approximately 60% of grocery items will be priced at £1, with 20% at £2, and the remaining 20% at £3.
Moreover, Poundland has updated its website to feature product browsing only, discontinuing online purchasing. The retailer is also discontinuing its loyalty app, Poundland Perks, which enables shoppers to earn points that can be converted into vouchers. Existing vouchers can be used until January 15, 2026.