Poundland says store closure overhaul finished, but ‘much to do’ in turnaround

Poundland has said its sweeping restructure that saw it shut nearly 150 shops and axe 2,200 jobs has finished (Liam McBurney/PA) - (PA Archive)

Poundland has said its sweeping restructure that saw it shut nearly 150 shops and axe 2,200 jobs has finished, but that it still has “much to do” to get back on track.

The troubled discount retailer, which secured approval last August from the High Court for its restructuring plan, confirmed it ended the year with 651 sites, down from around 800 before the reorganisation.