14-07-2025
Poundland launches huge ‘everything must go' closing down sale as another store to shut – full list of 22 sites closing
POUNDLAND has launched a closing down sale as it prepares to shut another branch.
The retailer will close another store in St Marks Place, Newark.
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Locals were shocked to see closing down posters in the windows of its branch in St Marks, Place in Newark.
The store has launched a closing down sale, in efforts to shift stock before it closes, according to a report in The Newark Advertiser.
It is one of many closures announced by the troubled retail brand in recent weeks.
Poundland is preparing to pulling down the shutters on a store in Merry Hill Shopping Centre, Dudley, on July 18.
The bargain chain is also due to shut a branch in Telford on July 19.
Meanwhile, a second in Cowes on the Isle of Wight and a third in Newquay gear up to close on July 30 and August 1, respectively.
Poundland has already closed 17 stores across the UK since March last year, including in Macclesfield, Maidenhead and Flint.
A total of 21 stores will shut once the remaining closures have taken place:
Connswater Shopping Centre, Belfast – closed March 2024
Macclesfield – closed August, 2024
Maidenhead – closed October, 2024
Sutton Coldfield – closed October, 2024
Clapham Junction Station, London – closed May 2
Belle Vale Shopping Centre, Liverpool – closed May 6
St George's Centre, Gravesend – closed May 8
Southwark Park Road – closed May 14
Copdock Mill Interchange, Ipswich – closed May 20
Brackla, Wales – closed May 24
Chiswick High Road – closed May 28
Filton Abbeywood – closed May 31
Surrey Quays – closed June 11
Barrow Dalton Road - closed June 12
Union Gate, Bristol - closed June 20
Flint - closed June 21
Colchester - closed
St Marks Place Newark - closing
Telford - closing July 19
Newquay - closing on July 30
Cowes, Isle of Wight – closing July 30
Newquay - August 1
Shoppers have picked up big bargain in previous closing down sales announced by the firm.
Poundland to be sold for JUST £1 as frontrunner for shock takeover is revealed after wave of store closures
Ahead of its branch in Barrow closing, shoppers managed to pick up a garlic masher for 12p and a wine and beer glasses for 25p a pop.
They also picked up a USB charger for 37p.
Poundland is set to close up to 68 stores with a further 150 at risk of closure, separate to the shops mentioned above.
The store expects its portfolio to reduce to around 650-700 stores compared to circa 800 sites it operates today.
Last month, the chain was sold to investment firm Gordon Brothers for £1.
The former owners of Laura Ashley have proposed the following changes:
Getting rid of frozen food products at all stores where they're currently sold
Reducing the number of chilled food items sold
Closing its frozen and digital distribution centre in Darton, South Yorkshire, later this year
Closing its national distribution centre in Bilston, West Midlands, in early 2026
No longer selling products on its website
Providing more womenswear and seasonal ranges
The retail chain had previously been owned by Polish company Pepco Group since 2016.
But the group put Poundland up for auction in March as it looked to offload the brand.
RETAIL PAIN IN 2025
The British Retail Consortium has predicted that the Treasury's hike to employer NICs will cost the retail sector £2.3billion.
Research by the British Chambers of Commerce shows that more than half of companies plan to raise prices by early April.
A survey of more than 4,800 firms found that 55% expect prices to increase in the next three months, up from 39% in a similar poll conducted in the latter half of 2024.
Three-quarters of companies cited the cost of employing people as their primary financial pressure.
The Centre for Retail Research (CRR) has also warned that around 17,350 retail sites are expected to shut down this year.
It comes on the back of a tough 2024 when 13,000 shops closed their doors for good, already a 28% increase on the previous year.
Professor Joshua Bamfield, director of the CRR said: "The results for 2024 show that although the outcomes for store closures overall were not as poor as in either 2020 or 2022, they are still disconcerting, with worse set to come in 2025."
Professor Bamfield has also warned of a bleak outlook for 2025, predicting that as many as 202,000 jobs could be lost in the sector.
"By increasing both the costs of running stores and the costs on each consumer's household it is highly likely that we will see retail job losses eclipse the height of the pandemic in 2020."
