Poundland is preparing to shut three more branches this December, adding to the dozens already shut in recent months, as it continues a wide-ranging restructure under its new owners.
The closures are part of a major programme announced in June, when Poundland was sold for £1 to US investment firm Gordon Brothers, which outlined plans to close 68 shops and two warehouses across the UK. The goal is to shrink the chain from roughly 800 stores to between 650 and 700 by the end of the overhaul.
So far, more than 30 branches have already closed their doors since October. According to recent reporting, the three Poundland stores scheduled to shut in December are:
- Melton Mowbray — closing December 4
- Droitwich — closing December 9
- Hempstead Valley — closing December 31
Sources also note there will be clearance sales in the affected branches, with discounts reportedly up to 40 per cent.
The pace of closures underlines the scale of the challenge facing Poundland — though still operating hundreds of stores nationwide, the chain is undergoing its most substantial contraction in decades. The decision reflects steep rises in operating costs, lease expirations, and shifting consumer habits that have made the company’s traditional “everything around a pound” model increasingly difficult to sustain.
For customers, the clearance sales offer a final opportunity to score deep discounts on homeware, groceries, toiletries, and other staples at closing stores — but they also signal the shrinking footprint of a once-ubiquitous high-street bargain chain.
A Poundland spokesman said the company appreciates what the stores have meant to local communities over the years, and urged shoppers to take advantage of the “significant savings” being offered before the final closures.
As the final December closures approach, communities in Melton Mowbray, Droitwich and Hempstead Valley will bid farewell to their local Poundland stores — part of a broader reshaping of Britain’s high-street retail landscape.
Barry Williams, managing director of Poundland, in a previous statement said: “It’s no secret that we have much work to do to get Poundland back on track.
“While Poundland remains a strong brand, serving 20 million-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.
“It goes without saying that if our plans are approved, we will do all we can to support colleagues who will be directly affected by the changes.”
