Poundland plans to close four of its locations next month, as its owner looks for a buyer to save the struggling business.
One of the Poundland stores that is going is in Clapham Junction station. A Poundland spokesperson revealed in a statement: “We know how disappointing our closure at Clapham Junction will be to customers and we looking forward to welcoming them to our store nearby at the Southside shopping centre in Wandsworth.”
A spokesperson for the Poundland site in Kent that is to shut said the store was unable to continue trading as it had been unable to “secure a long-term lease”.
The spokesperson added: “We know how disappointing this will be to customers and colleagues.”
"Whenever we close a store in circumstances like these, we do all we can to look for other opportunities for colleagues, and that work is now underway, and we hope to be able to accommodate colleagues at nearby stores.”
Founded in 1990, Poundland, a familiar sight on the UK high street, gained popularity fast due to its pricing strategy.
By purchasing its primary rival, 99p Stores, in 2015, the business greatly increased its size and solidified its position as the industry leader in bargain retail.
Only a year later, in 2016, Steinhoff International acquired Poundland. The brand was later included into the newly established Pepco Group, a global retail conglomerate with operations throughout Europe and the acquisition was seen as a significant turning point for the company. However, Pepco put the brand up for sale in March.
Here is the full list of Poundland closures.
Poundland 2025 closures
- Clapham Junction railway station (May 2)
- Belle Valle, Liverpool (May 6)
- Brackla, Wales (May 24)
- Gravesend, Kent
The first Poundland store to permanently close is the one at Clapham Junction train station, which will do so on Friday May 2. It rounds off a nearly three-year stay in the crowded London train station, after opening in 2022.
The Poundland store in Brackla, Wales is also getting ready to close. The branch is to shut on May 24, leaving customers a little less than a month to say goodbye.
Poundland's closure of its location at the St George's Centre in Gravesend, Kent is another blow to shoppers. However, the business has not yet confirmed the precise shutdown date.
Why is Poundland closing its stores?
Pepco Group has said it is thinking about selling Poundland's 825 UK locations due to weak sales in January and February as well as increased operating expenses, particularly April’s increase in employer national insurance contributions. The Poundland decision shows how concerned the company is about the viability of its UK operations in a difficult retail climate.
