Poundland is selling 100s of items from just 10p ahead of 37 stores closing in August starting in days

POUNDLAND is selling hundreds of items from just 10p as it gears up to close 37 shops in August due to a major restructuring.

The discounter is offering shoppers some major bargains on toiletries, kids’ toys and pet products in a giant clearance sale.

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It comes as the retailer goes through a restructuring after being sold, with 68 branches set to close by mid-October.

Shoppers can buy party banners for 10p, plus Union Jack handheld flags and a mock Valentine’s Day engagement ring for 25p.

Savvy savers can also get a 12-pack of plastic tumblers for 50p, a bridesmaid paper sash for 80p and a kids bonnet for 75p.

A number of Christmas, Halloween and Easter items feature in the giant clearance sale as well.

Shoppers will find Easter Bunny party glasses for 50p, while packs of Christmas plastic baubles are just 35p.

The clearance stock is only available online with delivery charges starting from £3.95. Spends over £50 qualify for free delivery.

Of course, make sure you compare prices before buying any of the products as you might find something similar cheaper elsewhere.

Websites like Trolley, Price Spy and Price Runner are three worth visiting to check prices across the major retailers.

POUNDLAND PLOTS MASS CLOSURES

The giant sale comes as Poundland gears up to close 68 shops, 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.

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

The majority of these plans going ahead are subject to approval by the High Court.

However, 40 of the 68 stores have already been confirmed as closing, with plans to shut them brought forward of any High Court decision.

The 68 branches are all earmarked for closure by mid-October, with three already having shut.

Meanwhile, 37 will close in August – 10 on August 10, 15 on August 17 and 12 on August 24. That means a further 28 will shut.

Pepco, a Polish company, put Poundland up for sale in March as it looked to offload the brand.

It had reported weak Poundland sales over the previous six months and cut the brand’s trading guidance for the year as a result.

Poundland revenues dropped by 6.5% to £830million for the six months to March compared with a year earlier.

The brand suffered “challenges across all categories” and had 18 net store closures over the period.

Pepco had blamed “highly challenging trading conditions” for the fall in sales.

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.

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