The UK high street is facing another wave of challenges in 2025, with a staggering 137 closures already confirmed or underway across four major retailers: Poundland, Iceland, Morrisons, and Homebase. From major supermarkets to discount chains and DIY stores, no sector seems entirely untouched as brands undergo restructuring, ownership changes, or strategic realignments in response to rising costs, changing consumer habits, and the tough retail climate.
Earlier this year, Poundland was sold for a symbolic £1 by its owner, Polish retail giant Pepco, to US investment firm Gordon Brothers. The move marked a significant shake-up for the budget retailer, triggering a wave of closures as part of a wider company restructure. Pepco described the deal as part of efforts to simplify its business. While some locations are being repositioned, over 50 Poundland stores will have closed by the end of 2025, with several already closing this summer.
Iceland has confirmed two store closures in 2025, as part of what it calls a “strategic review” of its portfolio.
Morrisons is undergoing a significant “renewal programme” aimed at cutting costs and driving growth. The shake-up includes the closure of 17 Morrisons supermarkets and about 49 in-store cafés.
In addition to stores and cafés, the programme has also seen the axing of Market Kitchens, florists, meat counters, fish counters, and even some pharmacies, as the supermarket adapts to changing consumer demands and shifts towards leaner operations.
Homebase has also been hit hard. The DIY and gardening chain was bought in 2024 by CDS Superstores, which also owns Wilko and The Range. While around 70 Homebase locations are being converted into The Range stores, not every site is being saved.
Thirteen stores have been closed this year, as part of a wider strategy to consolidate the brand and focus on profitable locations. All these closures took place within January 2025.
