Poundland confirms closing dates for THREE Scots stores as 25 to shut across UK
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THREE Poundland branches across Scotland are set to close down following a major restructuring effort.
The bargain retailer will shutter a total of 25 stores in the UK in August.
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Three Poundland stores in Scotland are set to close down next month
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Ten stores will shut on August 10 while 15 will close their doors for good on August 17.
And three of those are in locations across Scotland.
It comes after a restructuring plan was launched in June to close 68 stores.
The chain was sold to investment firm Gordon Brothers, the former owners of Laura Ashley, for £1.
The retailer had previously been owned by Polish company Pepco Group since 2016.
Poundland's store in Port Glasgow, which is located in the Gallagher Shopping Park, is set to close on August 10.
Earlier this month, department store Matalan lodged plans for a new branch in the unit currently occupied by the Inverclyde shop.
Two more branches in Broxburn, West Lothian, and Perth will shut down a week later on August 17.
Staff at the branches earmarked for closure were told in June, Poundland confirmed.
Darren MacDonald, retail director, said: "It is of course, sincerely regrettable that our recovery plans include any store closures, but sadly that's necessary if we're to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
Poundland to be sold for JUST £1 as frontrunner for shock takeover is revealed after wave of store closures
"While our anticipated network of around 650-700 stores remains a sizeable one, we entirely understand how disappointing it will be for customers when one nearby, closes.
"Nevertheless, we look forward to continuing to welcome them to a nearby Poundland.
"It goes without saying that we will work closely with colleagues through a formal consultation process in stores scheduled to close, exploring any suitable alternative roles. That work is underway."
Poundland, owned by the Pepco Group, was sold for "just £1" in June as part of a deal struck with investment fund Gordon Brothers.
The ex-owner of Laura Ashley agreed to buy the discount chain for the nominal fee as it said it would move forward with a major restructuring plan.
This included pumping £80million of financing into Poundland.
Later that month, Gordon Brothers laid out the details of the restructuring plan, which included closing 68 stores and negotiating rent reductions at a number of other locations.
The firm is also getting rid of frozen food products across all stores where they're currently sold and reducing the number of chilled food items sold.
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