While it\u2019s been a long time since everything in Poundland cost just \u00a31, earlier this year it was revealed that there was one thing about the chain you could get for just a quid:\u00a0the shop itself.<\/p>\n
That\u2019s not a joke. In the summer the entirety of Poundland was sold by its owners Pepco to a US investment company called Gordon Brothers (which used to own Laura Ashley) for a \u2018nominal fee\u2019 of a single pound. The low cost was not quite the deal that it appeared at face value \u2013 it\u00a0was estimated that it could cost the new owners up to \u00a3100 million to get the brand back on its feet.<\/p>\n
Following the sale a\u00a0huge restructuring plan was announced and approved. Dozens of stores were set to close by the end of 2025, and further Poundlands\u00a0were expected to shut as a result of the brand seeking rent reductions and lease expirations. Before the closures, Poundland employed over 16,000 people across 792 branches in the UK and Ireland.\u00a0<\/p>\n
Pepco maintains that this does not mean that it\u2019s the end of Poundland, stating that it \u2018remains a key player in UK discount retail, with millions of customers annually and a well-loved brand and proposition\u2019, and adding that this is simply a move to \u2018[simplify] the group and [focus] on our successful Pepco business.\u2019<\/p>\n
Poundland managing director Barry Williams said of the closures: \u2018It\u2019s no secret that we have much work to do to get Poundland back on track.\u2019<\/p>\n
\u2018While Poundland remains a strong brand, serving 20m-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.\u2019<\/p>\n
Which Poundland stores are closing in 2025?<\/p>\n
A total of 19 more Poundlands will shut in November and December. Here are those, with the closing dates:<\/p>\n
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Here are all the Poundland stores that have already closed this year.<\/p>\n
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Four Poundlands that were set to close have since been saved, after agreements were reached with landlords. Those are:\u00a0<\/p>\n
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Which Poundland stores will close in 2026<\/p>\n
So far, the brand has confirmed that two more locations will shut in January 2026:<\/p>\n
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Time Out also has\u00a0a complete list of every high-street chain that\u2019s closing stores this year \u2013 you can find that here<\/a>.<\/p>\n