Popular high street store Poundland is set to be sold as it struggles to battle an "increasingly challenging" retail landscape.
Several stores are at risk of closure, according to reports. There are fears that 825 sites could end up closing their doors.
However, no decision in regards to store closures has yet been made, according to the company.
A Pepco Group spokesperson told us: “As stated at our Capital Markets Day on 6 March, we are actively exploring separation options, including a potential sale, for the Poundland business. We have started to work with advisers to support us with this process.”
If Poundland closes down I'll actually cry cause it's so convenient for me😭literally down the road
— Mel (@MeltemKilinc7) March 12, 2025
A spokesperson from Pepco informed The Telegraph, "As stated at our capital markets day on March 6, we are actively exploring separation options, including a potential sale, for the Poundland business. We have started to work with advisers to support us with this process."
In addition, the group had previously enlisted Alix Partners early this year to perform a strategic evaluation of the Poundland brand.
Pepco has issued warnings about its financial outlook, predicting that underlying profits will fall to between €50 million and €70 million (£41.9 million and £58.6 million), a significant drop from the €153 million recorded for 2023/24.
Shoppers fume at Poundland sale
After the news was announced, shoppers took to X, formerly known as Twitter, to convey their anger.
One said: "If Poundland closes down I'll actually cry cause it's so convenient for me😭literally down the road."
Another posted: "Nothing is a £1 anymore that’s why Poundland is closing … hate that for us".
Whilst someone else commented: "Along with Poundland up for sale and supermarkets stopping hire if staff due to changes of tax what a mess the U.K. heading is heading for."
Newsquest has reached out to Poundland to see which stores may be affected.
