December 5th 2025.
Poundland, the popular discount retailer, has announced that it will be closing a number of its stores this month. This news comes amidst a difficult year for high street chains, with several others also facing store closures. The retailer was recently sold to Gordon Brothers by its former parent company, Pepco Group, in order to prevent it from going into administration. However, the new owners have decided to implement a major restructure, which involves closing down 30 stores.
So far, more than 20 Poundland stores have already closed their doors in the past couple of months, with more set to follow this month and in January. For those wondering which specific stores will be closing, the list includes Melton Mowbray on December 4, Droitwich on December 9, and Hempstead Valley on December 31. In January 2025, Bexhill will close on January 5, followed by Cameron Toll on January 20.
In addition to these closures, Poundland has already shut down 20 stores in the past few months. These include Twickenham, Westhoughton, Market Harborough, Lowestoft, Colne, Rochdale, Leicester, Tenby, Blackpool - Cherry Tree Retail Park, Deal, Thurrock, Walsall, Hailsham, Perry Barr, Matlock, Carlisle, Burnley, Witham, Sidcup, Dalston, Beeston, and Launceston.
With a total of 20 stores already closed and more to come, some may wonder why Poundland is struggling. According to Tom Smith KC, who represented Poundland Limited during the sale to Pepco Group, the retailer's profitability has significantly declined over the years. He also mentioned that the business had been performing well prior to and during the Covid-19 pandemic, but has faced challenges in the last two years due to the tough UK retail environment. In response, Poundland attempted to expand its offerings by introducing chilled and frozen products and launching online sales.
Unfortunately, Poundland is not the only retail chain facing closures. WHSmith, Wilko, Claire's, Morrisons, Homebase, New Look, Select, Dobbies Garden Centre, Bodycare and Hobby Craft, NatWest, and Santander have all experienced significant store closures in the past couple of years. As consumers increasingly turn to online shopping and the competition on the high street continues to grow, it is becoming more and more difficult for businesses to stay afloat.
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]
