Poundland to Shut 14 More Stores by February in Major Restructuring

Discount retail giant Poundland has confirmed a fresh wave of store closures set for the coming months, as its new owners continue a drastic restructuring programme aimed at rescuing the business.

Another Wave of Closures Announced

A further 14 Poundland shops are scheduled to shut their doors by early February 2026, adding to the significant number of closures already underway. This latest announcement comes on top of 19 other locations previously confirmed for closure in the near future. The budget chain, which was sold for just £1 to investment firm Gordon Brothers in June, is in the midst of a sweeping turnaround plan approved by the High Court in August.

The company was days away from running out of money when the court sanctioned the restructuring, allowing it to avoid administration. Since then, efforts have concentrated on simplifying operations, which includes shutting underperforming shops and reverting to a clear £1, £2, and £3 pricing structure for groceries across its remaining UK estate.

Over 100 Stores to Vanish in Total

By early next year, the scale of the retrenchment will become starkly clear. Poundland will have closed more than 100 stores in total since the restructuring programme began. This dramatic reduction will see the UK chain shrink from approximately 800 shops at the start of the process to an estimated 650-700 stores once the plan is complete.

The closures have primarily targeted the chain's least profitable locations. A total of 57 stores had already been shut by the end of September, followed by another 40 that were announced earlier and are currently holding clearance sales. In the latest batch of 14 doomed stores, clearance sales with reductions of up to 40% have now been launched on a wide range of stock.

Management's Message and the Full Closure List

Darren MacDonald, Poundland's UK country manager, acknowledged the impact of the closures. He stated the company knows "how disappointing it is when we leave a store," but added that before closing for good, they are "determined to say goodbye by offering even more amazing value to customers." He said the special reductions would help the company "leave locations we're leaving with pride" and encouraged customers to visit one of the hundreds of other Poundland stores that will continue to operate.

The latest 14 stores set to close are: