BARGAIN hunters can pick up items from just 10p as Poundland closes 48 shops for good this month.
The discounter is tomorrow alone closing 10 stores with a huge stock selloff on gear including toiletries, kids’ toys and pet products.
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As part of closing down sales, shoppers have been able to buy party banners for 10p, plus Union Jack handheld flags and a mock Valentine’s Day engagement ring for 25p.
Savvy customers can also get a 12-pack of plastic tumblers for 50p, a bridesmaid paper sash for 80p and a kids bonnet for 75p.
Of course, it’s only a bargain if you need the items and will use them.
Comparison websites including Trolley, Price Spy and Price Runner can also help you check if you could get items cheaper elsewhere.
The stores closing tomorrow (August 10) are :
- Ammanford
- Birmingham Fort
- Cardiff Valegate
- Cramlington
- Leicester
- Long Eaton
- Port Glasgow
- Seaham
- Shrewsbury
- Tunbridge Wells
It comes as a further 38 stores are set to be axed later in the month as part of restructuring by the business.
The closures deal a further blow to Britain’s high streets.
More Poundland stores to close
Following the 10 stores closing tomorrow another 27 will go over the coming days.
The locations losing shops are:
- Bedford (August 17)
- Bidston Moss (August 17)
- Broxburn (August 17)
- Craigavon (August 17)
- Dartmouth (August 17)
- East Dulwich (August 17)
- Falmouth (August 17)
- Hull St Andrews (August 17)
- Newtonabbey (August 17)
- Perth (August 17)
- Poole (August 17)
- Sunderland (August 17)
- Stafford (August 17)
- Thornaby (August 17)
- Worcester (August 17)
- Brigg (August 24)
- Canterbury (August 24)
- Coventry (August 24)
- Newcastle (August 24)
- Kings Heath (August 24)
- Peterborough (August 24)
- Peterlee (August 24)
- Rainham (August 24)
- Salford (August 24)
- Sheldon (August 24)
- Wells (August 24)
- Whitechapel (August 24)
- Blackburn (August 31)
- Cookstown (August 31)
- Erdington, (August 31)
- Kimberley, Nottingham (August 31)
- Horsham (August 31)
- Hull Holderness (August 31)
- Kettering (August 31)
- Omagh (August 31)
- Shepherds Bush, London (August 31)
- Southport (August 31)
- Taunton (August 31)
The discounter is set to close 68 shops in total, as well as wind down its online operation.
The discounter was bought for a nominal £1 fee in June by US investment firm Gordon Brothers.
What’s happened at Poundland?
Poundland’s Polish owner Pepco put the business up for sale in March as it looked to offload the brand.
The discounter was then bought for a nominal £1 fee in June by US investment firm Gordon Brothers.
It came following weak sales over the previous six months and a downgrade to the brand’s trading guidance for the year.
The retailer’s revenues dropped by 6.5% to £830million for the six months to March compared with a year earlier.
As part of the deal that was struck with Pepco, which owns Poundland, Gordon Brothers is plotting a major restructuring of the business.
It has also pumped £80million of financing into the retailer.
This is what was proposed in June:
- Closing 68 stores and negotiating rent reductions at a number of other locations
- Getting rid of frozen food products at all stores where they’re currently sold
- Reducing the number of chilled food items sold
- Closing its frozen and digital distribution centre in Darton, South Yorkshire, later this year
- Closing its national distribution centre in Bilston, West Midlands, in early 2026
- No longer selling products on its website
- Providing more womenswear and seasonal ranges
There are currently 800 Poundland stores in operation across the UK, with plans to bring this down to 650 to 700.
This includes the list of 68 which are closing as part of the restructuring deal and other branches shutting gradually as leases expire.
RETAIL PAIN IN 2025
The British Retail Consortium has predicted that the Treasury’s hike to employer NICs will cost the retail sector £2.3billion.
Research by the British Chambers of Commerce shows that more than half of companies plan to raise prices by early April.
A survey of more than 4,800 firms found that 55% expect prices to increase in the next three months, up from 39% in a similar poll conducted in the latter half of 2024.
Three-quarters of companies cited the cost of employing people as their primary financial pressure.
The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year.
It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year.
Professor Joshua Bamfield, director of the CRR said: “The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025.”
Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector.
“By increasing both the costs of running stores and the costs on each consumer’s household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020.”
