Highlights;
- Poundland, a high-street retailer, is closing several stores across Britain as part of a restructuring plan.
- The company received court approval for its restructuring plan, which it says will save it from entering administration. Without the plan, Poundland would have run out of money by September 7.
- In June, Poundland announced the permanent closure of 68 stores after being sold by Pepco Group to Peach Bidco, a subsidiary of Gordon Brothers, for £1.
- An additional 16 stores are set to close, but their locations have not yet been announced. Closure dates for these stores are expected to be revealed later in the year.
Stores closing on Sunday, August 31:
- Blackburn, Lancashire
- Cookstown, Northern Ireland
- Erdington, West Midlands
- Kimberley, Nottinghamshire
- Horsham, West Sussex
- Hull Kingston Retail Park, East Yorkshire
- Kettering, Northamptonshire
- Omagh, Northern Ireland
- Shepherd’s Bush, Greater London
- Southport, Merseyside
- Taunton, Somerset
Store closing on September 14:
- One store (specific location not provided in the original content).
Stores that have already closed:
- Ammanford, Wales
- Birmingham Fort Shopping Park, West Midlands
- Cardiff, Wales
- Cramlington, Northumberland
- Leicester, Leicestershire
- Long Eaton, Nottinghamshire
- Port Glasgow, Scotland
- Seaham, County Durham
- Shrewsbury, Shropshire
- Tunbridge Wells, Kent
- Bedford, Bedfordshire
- Bidston Moss, Merseyside
- Broxburn, Scotland
- Craigavon, Northern Ireland
- Dartmouth, Devon
- East Dulwich, Greater London
- Falmouth, Cornwall
- Hull St Andrew Retail Park, East Yorkshire
- Newtownabbey, Northern Ireland
- Perth, Scotland
- Poole, Dorset
- Sunderland Pallion Retail Park, Tyne and Wear
- Stafford, Staffordshire
- Thornaby, North Yorkshire
- Worcester, Worcestershire
- Brigg, North Lincolnshire
- Canterbury, Kent
- Coventry Hertford Street, West Midlands
- Newcastle Killingworth Centre, Tyne and Wear
- Kings Heath, West Midlands
- Peterborough Orton Gate Shopping Centre, Cambridgeshire
- Peterlee, County Durham
- Rainham, Kent
- Salford, Greater Manchester
- Sheldon, West Midlands
- Wells, Somerset
- Whitechapel, Greater London
- Swiss Cottage, Greater London
- Southampton West Quay, Hampshire
- Chiswick, Greater London
The closures are part of Poundland’s effort to restructure and avoid financial collapse.
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High-Street Retailer Poundland to Close Stores Across Britain
A popular high-street retailer is set to close a number of its stores across Britain after narrowly avoiding collapse.
On Tuesday, Poundland received court approval for a major restructuring plan. The company had warned that without this plan, it would have run out of money by September 7, as revealed by barristers in court.
In June, the discount retail chain announced plans to permanently close 68 stores following its sale by Pepco Group to Peach Bidco, a subsidiary of private equity firm Gordon Brothers, for £1.
Poundland has now confirmed it will shut down an additional 16 stores, though the exact locations have not yet been disclosed. The closure dates for these stores are expected to be announced later in the year, with affected employees being informed at that time.
Stores Set to Close on Sunday, August 31:
- Blackburn, Lancashire
- Cookstown, Northern Ireland
- Erdington, West Midlands
- Kimberley, Nottinghamshire
- Horsham, West Sussex
- Hull Kingston Retail Park, East Yorkshire
- Kettering, Northamptonshire
- Omagh, Northern Ireland
- Shepherd’s Bush, Greater London
- Southport, Merseyside
- Taunton, Somerset
Store Set to Close on September 14:
- [To be confirmed]
Stores That Have Already Closed:
- Ammanford, Wales
- Birmingham Fort Shopping Park, West Midlands
- Cardiff, Wales
- Cramlington, Northumberland
- Leicester, Leicestershire
- Long Eaton, Nottinghamshire
- Port Glasgow, Scotland
- Seaham, County Durham
- Shrewsbury, Shropshire
- Tunbridge Wells, Kent
- Bedford, Bedfordshire
- Bidston Moss, Merseyside
- Broxburn, Scotland
- Craigavon, Northern Ireland
- Dartmouth, Devon
- East Dulwich, Greater London
- Falmouth, Cornwall
- Hull St Andrew Retail Park, East Yorkshire
- Newtownabbey, Northern Ireland
- Perth, Scotland
- Poole, Dorset
- Sunderland Pallion Retail Park, Tyne and Wear
- Stafford, Staffordshire
- Thornaby, North Yorkshire
- Worcester, Worcestershire
- Brigg, North Lincolnshire
- Canterbury, Kent
- Coventry Hertford Street, West Midlands
- Newcastle Killingworth Centre, Tyne and Wear
- Kings Heath, West Midlands
- Peterborough Orton Gate Shopping Centre, Cambridgeshire
- Peterlee, County Durham
- Rainham, Kent
- Salford, Greater Manchester
- Sheldon, West Midlands
- Wells, Somerset
- Whitechapel, Greater London
- Swiss Cottage, Greater London
- Southampton West Quay, Hampshire
- Chiswick, Greater London
More closures are expected to be announced later in the year.
