5 days ago
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Discount retailer Poundland has revealed different question of store closures implicit the wintertime arsenic portion of turnaround efforts by the caller owners.
A further 14 stores volition adjacent down by aboriginal February, connected apical of the 19 already acceptable to unopen down implicit the coming months.
By aboriginal adjacent year, the fund concatenation volition person unopen much than 100 stores aft it kicked disconnected a restructuring programme.
In those stores acceptable to close, clearance income with reductions of up to 40% person been launched connected a wide scope of stock.
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Poundland has antecedently announced different 40 shops that were clearing retired goods up of closure.
This was successful summation to the 57 that had already unopen by the extremity of September arsenic a effect of Poundland targeting its slightest profitable shops.
It expects the UK concatenation to person reduced from astir 800 shops astatine the commencement of the restructuring programme, to betwixt 650 and 700 erstwhile the process is complete.
Poundland was sold for £1 to concern steadfast Gordon Brothers successful June.
The institution avoided entering medication aft a restructuring program was approved successful the High Court successful August - days earlier the institution was owed to tally retired of money.
Recovery efforts person since focused connected simplifying the business, including cutting stores and by returning to a £1, £2 and £3 market pricing operation crossed each UK shops.
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Darren MacDonald, Poundland's UK state manager, said the institution knows "how disappointing it is erstwhile we permission a store, but earlier we adjacent our doors for a last time, we're determined to accidental goodbye by offering adjacent much astonishing worth to customers".
"The peculiar reductions, connected apical of the worth we supply successful each store, volition assistance america permission locations we're leaving with pride," helium added.
"And erstwhile we adjacent our doors, we look guardant to welcoming customers to 1 of the hundreds of Poundland stores we'll proceed to run close crossed the UK."
List of latest Poundland store closures, and when:
• Lancaster, Lancashire - 19 December
• Northampton Sixfields, Northamptonshire - 31 December
• Weston-Super-Mare, Somerset - 24 December
• Hammersmith, Greater London - 24 December
• Prestatyn, Denbighshire - 31 December
• Faversham, Kent - 6 January
• Liverpool, Merseyside - 15 January
• Yeovil, Somerset - 16 January
• Nottingham Eastpoint, Nottinghamshire - 22 January
• Lymington, Hampshire - 23 January
• Christchurch (47 High Street), Dorset - 23 January
• Bristol Avon Meads, Bristol - 29 January
• Winton, Dorset - 6 February
• Coatbridge, North Lanarkshire, Scotland - 8 February
List of stores inactive acceptable to close, and when:
• Christchurch (Meteor Retail Park), Dorset - 5 December
• Arnold, Nottinghamshire - 6 December
• Worthing, West Sussex - 6 December
• Droitwich, Worcestershire - 9 December
• Ballymena, County Antrim, Northern Ireland - 13 December
• Oldham, Greater Manchester - 13 December
• Weston Favell, Northamptonshire - 19 December
• Portishead, Somerset - 24 December
• Grantham, Lincolnshire - 24 December
• Portadown, County Armagh, Northern Ireland - 31 December
• Farnham, Surrey - 31 December
• Brighton, East Sussex - 31 December
• Hempstead Valley, Kent - 31 December
• Bexhill, East Sussex - 5 January
• Ponders End, Greater London - 5 January
• Kilmarnock, East Ayrshire, Scotland - 5 January
• Mitcham, Greater London - 14 January
• Cameron Toll, Edinburgh, Scotland - 20 January
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