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 retailerās 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 didnāt change its overall expectation that āas leases expire, it expects to operate a network of around 650-700 stores compared to the circa 800 at the beginning of the restructuring processā.
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 āanchored around a simple Ā£1, Ā£2, and Ā£3ā offer.
āWeāre determined to deliver a simpler, more focused Poundland that keeps its promise of amazing value to customers,ā said managing director Barry Williams. āWe appreciate the support weāve had from suppliers, landlords and other partners whoāve now all been fully briefed on our plans to get us back on track.
āWhile there is much work to do, Iām confident that a Poundland focused on the simple value our customers expect, has a bright futureā.
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