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After nearly 150 stores have been closed and 2,200 staff axed, Poundland still has \u201cmuch to do\u201d to turn its fortunes around, the retailer\u2019s boss said.<\/p>\n
Poundland also closed two of its four UK warehouses, in Darton, South Yorkshire, and Springvale in Bilston in the West Midlands as part of the restructuring plan.<\/p>\n
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The major overhaul of the discount retailer went ahead after the green light from the High Court last year to shrink its store portfolio to 651 from 800.<\/p>\n
And its cost-cutting initiatives are now complete, the chain announced on Friday.<\/p>\n
\u201cAny future closures will be a consequence of standard business-as-usual lease events expected at a retailer with a large store network\u201d, it said in a statement.<\/p>\n
The group was on the brink of administration in August, but it received approval to carry out a major restructuring of the business amid warnings it was running out of cash.<\/p>\n
The chain has also reverted to a simpler price structure, with 60 per cent of grocery goods now \u00a31, and the rest either \u00a32 or \u00a33.<\/p>\n
Its managing director, Barry Williams said: \u201cWhile there\u2019s been significant progress as we refocus and re-energise the business with lower prices and a sharper offer, we know we still have much to do\u201d, its managing director Barry Williams said.<\/p>\n
\u201cOur focus on our costs has, without doubt, given us a platform for future growth, but no sustainable turnaround can be based on cost management alone\u201d, he added.<\/p>\n
Poundland is relaunching its in-house line Pep&Co clothing from next week, with 90 per cent of items set to be priced at \u00a310 or less.<\/p>\n
Poundland isn\u2019t the only brand to have slashed its high street presence, as a number of notable retailers have already confirmed closures for 2026.<\/p>\n
The full list of Poundland stores which have already or are yet to close
<\/p>\n Bristol Avon Meads<\/p>\n Gosport<\/p>\n Winton<\/p>\n Chichester<\/p>\n Coatbridge<\/p>\n Feltham<\/p>\n Crayford<\/p>\n Nottingham, Chilwell<\/p>\n Urmston<\/p>\n Twickenham<\/p>\n Westhoughton<\/p>\n Market Harborough<\/p>\n Lowestoft<\/p>\n Colne<\/p>\n Rochdale<\/p>\n Leicester<\/p>\n Tenby<\/p>\n Blackpool \u2013 Cherry Tree Retail Park<\/p>\n Deal<\/p>\n Thurrock<\/p>\n Walsall<\/p>\n Hailsham<\/p>\n Perry Barr<\/p>\n Matlock<\/p>\n Carlisle<\/p>\n Burnley<\/p>\n Witham<\/p>\n Sidcup<\/p>\n Dalston<\/p>\n Beeston<\/p>\n Launceston<\/p>\n Melton Mowbray<\/p>\n Droitwich<\/p>\n Hempstead Valley<\/p>\n Bexhill<\/p>\n Cameron Toll<\/p>\n <\/p>\n \n <\/div>\n #Full #list #Poundland #closures #retailer #faces #ongoing #difficulties<\/p>\n","protected":false},"excerpt":{"rendered":" It was on the brink of administration in summer After nearly 150 stores have been closed and 2,200 staff axed, Poundland still has \u201cmuch to do\u201d to turn its fortunes around, the retailer\u2019s boss said. Poundland also closed two of its four UK warehouses, in Darton, South Yorkshire, and Springvale in Bilston in the West […]<\/p>\n","protected":false},"author":1,"featured_media":2950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2380,2383,2386,1761,1373,1678,2385,2381,2384,2382],"class_list":{"0":"post-2949","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"tag-administration","9":"tag-closures","10":"tag-difficulties","11":"tag-faces","12":"tag-full","13":"tag-list","14":"tag-ongoing","15":"tag-poundland","16":"tag-retailer","17":"tag-retailers"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2949"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/2950"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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The following nine Poundland stores are the last to close as part of the restructuring plans:<\/p>\n