Tue, 17 Jun 2025

Tue, 17 Jun 2025 More than 1,000 jobs at risk as Poundland plans 68 store closures

The discount chain sets out turnaround plans a week after it was bought by a US investment firm.

* Poundland will close 68 stores, putting over 1,000 jobs at risk.
* Two distribution centres in South Yorkshire and West Midlands will also be closed.
* The company is seeking rent reductions from landlords, which could lead to an additional 70 store closures.
* Poundland has been sold to US investment firm Gordon Brothers for a nominal sum of £1.
* The retailer plans to stop selling frozen food and focus on its £3 meal deal and essential groceries.
* Online shopping will be phased out, with the website instead focusing on browsing and advertising promotions.
* The company plans to add more women's clothing and restore seasonal general merchandise ranges.
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