Poundland Announces Seven Store Closures in February
A major budget retailer on the UK high street is set to close seven stores this month, dealing another blow to the struggling retail sector. Poundland, which has a significant presence in the Black Country near Birmingham, confirmed the closures as part of its ongoing restructuring efforts.
List of Affected Stores
The closures impact several locations across the country, with some stores already having shut their doors. The full list of Poundland stores closing in February includes:
- Winton, Dorset – Closed on February 6
- Chichester – Closed on February 8
- Feltham – Closed on February 8
- Coatbridge, North Lanarkshire, Scotland – Closed on February 8
- Crayford – Closing on February 11
- Nottingham (Chilwell) – Closing on February 13
- Urmston – Closing on February 16
These closures follow the recent shutdown of Poundland's frozen and digital distribution centre in Darton, South Yorkshire, and its national distribution centre in Springvale, Bilston, West Midlands. However, distribution centres in Wigan and Harlow continue to operate.
Company Statement and Restructuring Plan
A Poundland spokesperson explained the reasons behind the closures, stating, "This particular store is closing because we’ve been unable to secure terms that would allow us to keep trading there, not one of the 68 shops we identified for closure in the UK as part of the plan."
The spokesperson added, "When we provided details about our restructuring and recovery plan, we did confirm that we expect to operate a network of 650 to 700 stores in time, compared to 800 today. Where we can, we’re combining locations where we have two stores into one."
Challenges Facing Poundland
Founded in 1990 with its first store in Burton upon Trent, Poundland has faced a difficult trading period in recent years. The company has grappled with rising costs, including business rates, energy, and staff expenses, alongside intense competition from rivals such as The Range, B&M, Home Bargains, and Savers.
This move is part of a broader strategy to streamline operations and adapt to the evolving retail landscape, which has seen many high street chains struggle with changing consumer habits and economic pressures.
