Poundland is to close another Kent branch after less than four years in a former M&S unit.
The discount giant says its Deal store will shut on Monday, October 27 as its lease is due to expire.
Poundland in Deal High Street is to close later this month
The chain relocated from its previous site at 15 high street to the ex-M&S unit at number 41 in January 2022.
The move doubled the size of Poundland’s offering in the town and gave new life to a unit which had been vacant since April 2019.
But a clearance sale is now set to get underway this week as staff prepare for the store’s closure.
In June, the chain revealed it planned to permanently shut 68 shops after being sold by Pepco Group to Peach Bidco, a subsidiary of private equity firm Gordon Brothers, for £1.
The move formed part of a restructuring plan that was approved by the High Court in August – just days before it was due to run out of money and collapse into administration.
The unit was previously home to M&S
As part of the plan, branches in Broadstairs, Gravesend and Tunbridge Wells all closed their doors earlier this year.
A unit in St George’s Street, Canterbury, also shut, but reopened just a week later after bosses secured a new lease agreement.
In a statement released today, Poundland confirmed the lease on its Deal site – which was not included in its initial 68-store closure plan – is coming to an end.
“Poundland brought its main 68-store closure programme to a conclusion last month,” said a spokesman for the chain, which has two stores in Dover.
“In time it still expects to operate a network of about 650-700 stores compared to about 800 at the beginning of the restructuring programme, as leases expire or landlords exercise any option to serve notice.
“The clearance sales underway and launching in the coming weeks are all taking place at lease-expiry locations as Poundland continues its programme to simplify its retail network around its best-performing sites, securing the future of thousands of jobs and hundreds of stores.”
Previously, Travelodge confirmed it was reviewing the former Poundland premises in Deal high street, but its plans never came to fruition.