A high street giant closing dozens of stores has announced huge sales in four stores closing this month. Poundland is holding “everything must go” sales in four branches, with offers of up to 40% off.
Items at these locations will continue to be marked down in price until they’re sold, according to Poundland. The closing sales cover all stock in each store, ranging from homeware to groceries, clothing, and health and beauty products. Closures are part of a restructuring plan that the company launched in June after it was sold to investment firm Gordon Brothers for £1. A total of almost 60 stores have shut, and 150 more are at risk, with Poundland expecting to reduce its portfolio to around 650 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.
Darren MacDonald, retail director, 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.
This announcement follows Poundland’s decision to close its stores on Christmas Day, Boxing Day, and New Year’s Day as a gesture of appreciation for the tireless efforts of its staff over the past year.
Poundland stores closing this month with ‘everything must go’ sales
Andover, Hampshire – October 22
Deal, Kent – October 27
Thurrock, Essex – October 27
Walsall, West Midlands – October 29
