Poundland will shut down 12 stores in the next 25 days as part of a cost-saving restructuring plan.
The budget retailer permanently closed its Nottingham Eastpoint store yesterday, and a further dozen closures are planned by February 16.
The closures are part of a larger effort to balance Poundland's finances, with 11 stores already closed in 2026.
Darren MacDonald, Poundland's UK country manager, said: "We know how disappointing it is when we leave a store, but before we close our doors for a final time, we're determined to say goodbye by offering even more amazing value to customers.
“Special reductions, on top of the value we provide in every store, will help us leave locations we're leaving with pride. And when we close our doors, we look forward to welcoming customers to one of the hundreds of Poundland stores we'll continue to operate right across the UK."
Poundland has had a hard trading year, narrowly escaping administration in August after a turnaround deal was approved by the High Court.
Poundland lawyers said that the retailer's financial position had significantly deteriorated during the past two years and that it had "performed poorly in a difficult retail and economic environment".
The retailer was sold in a restructuring deal, fittingly enough for £1, from Pepco to Gordon Brothers in June, at which point it had approximately 825 UK stores and around 16,000 staff.
As part of the restructure, closures were announced, as was the reversion to the store’s original pricing model, with all grocery items priced at £1, £2, and £3.
Full list of closures:
- Lymington, Hampshire: January 23
- Christchurch (47 High Street), Dorset: January 23
- Bearwood Smethwick - January 23
- Gosport - January 29
- Bristol Avon Meads, Bristol: January 29
- Chichester - February 8
- Feltham - February 8
- Winton, Dorset: February 6
- Coatbridge, North Lanarkshire, Scotland: February 8
- Crayford - February 11
- Nottingham (Chilwell) - February 13
- Urmston - February 16
A number of UK firms have fallen into administration recently, as they grapple with a host of challenges such as soaring costs, inflation, and a move to online shopping.
TGI Fridays' UK arm fell into administration earlier in January, with 16 restaurants closing, leaving 456 staff jobless.
