Poundland has recently undergone a significant restructuring, resulting in the closure of numerous stores following its acquisition by an investment firm for a nominal fee. The chain, which previously operated 800 branches, anticipates reducing its footprint to between 650 and 700 stores by closing some outlets and allowing leases to expire naturally.

The closure process is ongoing, with 23 stores set to shut their doors, offering discounts of up to 40% in closing down sales. Among the locations affected are Burnley, Leicester, and Glasgow. While the Livingston store was initially slated for closure on October 12, it will now remain open following successful negotiations with the landlord.

In response to customer feedback, Poundland has decided to retain 11 of the planned closures for the time being. The company is also implementing a new pricing model in its UK stores, with the majority of grocery items priced at £1, while some will be priced at £2 and £3 respectively. Additionally, Poundland has transitioned its website to a browsing-only platform, discontinuing online purchasing capabilities.

Notably, Poundland has ceased its loyalty app, Poundland Perks, which rewarded customers for their spending. However, existing vouchers can still be redeemed until January 15, 2026. Retail director, Darren MacDonald, emphasized the company’s commitment to providing exceptional value to customers during the closure process, offering special discounts as a token of appreciation.

Looking ahead, Poundland aims to focus on its core operations, emphasizing its remaining stores across the UK as key assets.