Poundland has revealed the full list of 25 stores that will be closing its doors for good in August. The move will come as another bitter blow to the UK high street at a time when several other retils are closing their stores.
The popular budget retailer will close 10 shops across the UK on August 10 and a further 15 on August 17. This is part of a restructuring plan the company launched in June after it was sold to investment firm Gordon Brothers for £1. A total of 68 stores are closing – three have already in Chiswick, Swiss Cottage and Southampton. The remaining 40 will close between August and October. There are 150 more at risk of closure, with Poundland expecting to reduce its portfolio to around 700 stores.
The new owners have proposed axing frozen foods, reducing chilled foods, closing distribution centres, not selling online, and providing more womenswear and seasonal ranges.
Retail director Darren MacDonald 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.”
This is the full list of shops closing on August 10:
Ammanford
Birmingham Fort
Cardiff Valegate
Cramlington
Leicester
Long Eaton
Port Glasgow
Seaham
Shrewsbury
Tunbridge Wells
This is the full list shutting on August 17:
Bedford
Bidston Moss
Broxburn
Craigavon
Dartmouth
East Dulwich
Falmouth
Hull St Andrews
Newtonabbey
Perth
Poole
Sunderland
Stafford
Thornaby
Worcester