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Poundland 'to close up to 200 stores' in latest blow to UK's high streets
Hundreds of branches could shut their doors for good as the budget retailer outlines a bold restructuring plan, according to reports
Parent company Pepco revised its profit forecast for the full year downwards last month after facing "highly challenging trading conditions" that resulted in a 6.5 per cent drop in sales to £830.8 million in the half-year leading up to March 31. It is understood several investment firms and private equity groups have expressed interest and put forward bids for the retail chain since it entered the market earlier this year, with Laura Ashley owner Gordon Brothers purportedly among the top contenders to secure a purchase. Barry Williams, who was reappointed as Poundland managing director in March 2025, and his team are actively driving a recovery plan to help turn around the business by refocusing on its traditional core strengths."
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