Poundland has announced that it has paused its store closure programme, following the implementation of its restructuring and recovery plan.
The value retailer had originally earmarked 68 stores for closure as part of its turnaround programme. But having closed 57 stores, the retailer has decided to bring the store closures to a stop, putting the remaining 11 planned closures on hold.
The retailer’s Irvine Rivergate Centre store has been re-opened and restocked, while planned closures in Brighton and Anniesland have been put on hold. The retailer has also reversed a planned end-of-lease store closure in Whitby, after Poundland agreed an interim deal with landlords.
The retailer said the announcement didn’t change its overall expectation that “as leases expire, it expects to operate a network of around 650-700 stores compared to the circa 800 at the beginning of the restructuring process”.
The retailer also announced that its website has today transitioned from a transactional ecommerce channel to a brand channel, and that it has closed its Perks app.
Perks users will have until mid-January 2026 to redeem any unused vouchers in Poundland stores.
Poundland also continues to roll out new pricing to its grocery aisles, adding new categories which will, by the end of September, see its FMCG ranges “anchored around a simple £1, £2, and £3” offer.
“We’re determined to deliver a simpler, more focused Poundland that keeps its promise of amazing value to customers,” said managing director Barry Williams. “We appreciate the support we’ve had from suppliers, landlords and other partners who’ve now all been fully briefed on our plans to get us back on track.
“While there is much work to do, I’m confident that a Poundland focused on the simple value our customers expect, has a bright future”.
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