POUNDLAND is to push ahead with more store closures after receiving court approval for a major restructuring plan.
In June, the discount retail chain said it planned to permanently shut 68 shops after being sold by Pepco Group to Peach Bidco, a subsidiary of private equity firm Gordon Brothers, for £1.
On Tuesday, the company told a judge that the plan would save it from entering administration, with barristers telling a hearing on Tuesday that it was set to run out of money by September 7 if the scheme had not been sanctioned.
The group has already shut dozens of stores but will now be able to end these leases early and push ahead with further closures.
The Poundland stores set to be closed on Sunday, August 31:
- Blackburn, Lancashire
- Cookstown, Northern Ireland
- Erdington, West Midlands
- Kimberley Nottingham, Nottinghamshire
- Horsham, West Sussex
- Hull Kingston retail park, East Yorkshire
- Kettering, Northamptonshire
- Omagh, Northern Ireland
- Shepherd’s Bush, Greater London
- Southport, Merseyside
- Taunton, Somerset
The Scottish Poundland store which will shut on September 14:
- Irvine, Scotland
Poundland said it will shut down 16 more stores but has not yet identified their locations.
It is understood that the closure dates for these are likely to be announced later in the year, when store workers will be informed.
The following Poundland stores 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
