Discount retail giant Poundland is closing one of its stores today – with another seven set to shut their doors for good before February.
The ailing bargain brand has already shut more than 100 shops since the middle of 2025 after it was, appropriately enough, sold for £1 to an investment firm.
Some seven shops are scheduled to close before February, though there could be sales of up to 40% off at the affected locations before they shut up shop for good.
Another five stores will be shutting in February, too.
Poundland is among the chains to have suffered over the year from pressure on shoppers despite its value proposition.
The group was sold for £1 as a result and launched a major restructuring plan.
This involved the initial closure of 57 stores in a move which put more than 1,000 jobs at risk.
The company, which was bought by investment firm Gordon Brothers, has since announced further tranches of closures and is set to have shut more than 100 sites by the start of 2026, as part of efforts to trim its estate from around 800 sites to between 650 and 700 shops.
The full list of Poundland branches closing before February is:
Bearwood Smethwick – January 23
Cameron Toll in Edinburgh – January 20
Nottingham Eastpoint in Nottinghamshire – January 22
Lymington, Hampshire – January 23
Christchurch, High Street, Dorset – January 23
One key pressure point on retail is business rates. In the autumn budget, Chancellor Rachel Reeves announced lower multipliers for retail, hospitality and leisure properties. However, the budget also confirmed the end of a Covid-era business rates discount, which had been scheduled to end but the government did not choose to extend again.
At the other end of the scale, Games Workshop recently reported record half-year sales. Sales increased online and in stores over the first half of its financial year, with it trading from 575 stores around the world, including 134 in the UK.
