Poundland has announced an unexpected closure that is set to happen in just weeks. The major retailer was sold by Pepco Group in June 2025 to a subsidiary of Gordon Brothers International LLC for just £1. As part of its restructuring plan, the company aims to slash the Poundland network from 800 stores to between 650 and 600.
This year initially expected to see the closure of 68 UK stores. However, a further set of closures was revealed, including a more recent one of a shop that was not featured on the original closure list. The popular high street branch is set to close next month.
Poundland has confirmed that its store on Lymington High Street will close on December 14, as a result of a decision by the landlord. The company confirmed that it had no plans to leave Lymington; however, the landlord’s decision to shut the property meant that the retailer was unable to continue trading.
A Poundland spokesperson said: “This is a store where we indeed had no plans to leave, but clearly the landlord has now shared their intentions.”
A closing-down sale that kicked off on November 25 means shoppers can pick up their favourite items at discounted prices before stock runs out.
Councillor Jack Davies said: “Poundland is a really popular shop in the town, so it’s really disappointing that the company’s financial issues have caused it to close. I feel for the staff who have been made redundant so close to Christmas.
“With the cost of living still too high, those people will need support. Then there’s the question: what comes next? It’s a large site with expensive overheads so only a national chain could really afford to take it on.
“I’d like to see a shop that ordinary people can afford – so a Primark or Home Bargains.”
