Poundland to close 25 stores in August as part of restructuring
Poundland is set to close 25 of its stores in August as part of its restructuring and recovery plan.
The discount retailer unveiled the plan in June after it was acquired by Gordon Brothers earlier this year, following a period of poor sales.
The plan includes the closure of 68 stores in total, along with the shutting down of other stores following lease expirations.
Darren MacDonald, retail director of Poundland, said: “It is, of course, sincerely regrettable that our recovery plans include any store closures, but sadly that’s necessary if we’re to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
“While our anticipated network of around 650-700 stores remains a sizeable one, we entirely understand how disappointing it will be for customers when one nearby closes.
“Nevertheless, we look forward to continuing to welcome them to a nearby Poundland.
“It goes without saying that we will work closely with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles. That work is underway.”
The stores set to close are located in:
- Ammanford
- Bedford
- Bidston Moss
- Birmingham Fort
- Broxburn
- Cardiff Valegate
- Craigavon
- Cramlington
- Dartmouth
- East Dulwich
- Falmouth
- Hull St Andrews
- Leicester
- Long Eaton
- Newtownabbey
- Perth
- Poole
- Port Glasgow
- Seaham
- Shrewsbury
- Sunderland
- Stafford
- Thornaby
- Tunbridge Wells
- Worcester