Poundland has made an announcement today regarding the postponement of 11 store closures that were previously scheduled as part of the company’s restructuring efforts.

Earlier, the discount retailer had confirmed plans to shut down 68 stores following its acquisition by investment firm Gordon Brothers for £1. However, Poundland has now disclosed that 11 of these planned closures have been delayed for the time being.

Among the affected stores is Poundland’s Irvine Rivergate Centre branch, which was initially set to close permanently on September 14. Recent reports from the Mirror indicate that this store has since reopened.

Additionally, the closures scheduled for October in Brighton (London Road) and Anniesland (Great Western Road) have also been put on hold.

In a positive development, a planned closure in Whitby has been averted after Poundland reached an agreement with the landlord responsible for that location. Poundland maintains its expectation to reduce its total number of stores to approximately 650 to 700 as leases expire, down from the initial count of 800 stores at the start of the restructuring process.

Six store closures are still set to proceed on September 28 in various locations including Glasgow, Havant, Shropshire, Derbyshire, Swanley, and Uttoxeter, as part of the original list of 68 stores earmarked for closure.

Poundland’s Managing Director, Barry Williams, expressed determination to deliver a more streamlined and customer-focused Poundland that upholds its commitment to providing exceptional value to shoppers. The company is rolling out a simplified pricing structure of £1, £2, and £3 for its products in UK stores, with the majority of grocery items priced at £1 by the end of the month.

Poundland has updated its website to be a browsing-only platform, discontinuing online purchases. The loyalty app, Poundland Perks, will also be closed, where customers could earn points for spending, which could be redeemed for vouchers. Existing vouchers can be used until January 15, 2026.