Poundland has shut down at least 12 branches across the country since February and is planning one more closure in June.
A number of stores are closing because their lease expired, and some will be relocating to other areas.
Despite this year’s closures, the retailer is currently working on a 50-store expansion plan and will be opening two stores this month and 15 more in August. Poundland’s expansion plans will create up to 800 new jobs, the company explained.
Communications Adviser at Poundland, Nick Agarwal, told Express.co.uk: “We’ve got a large estate – over 800 locations – and sadly from time to time a store closes for a number of different reasons.
“Sometimes that’s because we’re relocating to a bigger unit where we can offer more (eg our new Ipswich store which will open this summer), sometimes to consolidate in an exiting store that’s close by (eg Southport) and in some instances our lease expires and much to our disappointment, the landlord has other plans for that location (eg Kings Lynn and Stoke).
READ MORE: Astrologer shares three ‘luckiest’ Chinese zodiac signs for 2023-2024
“We’ve opened or relocated 33 new stores this financial year so far – part of a plan to increase our overall selling space by at least 500,000 sq ft by the end of September.”
Poundland stores closing in June:
- Cumbernauld, North Lanarkshire – closing June 11
Poundland stores already closed this year:
- King’s Lynn – closed June 2
- Poundland Team Valley, Gateshead – closed May 25
- Poundland Festival Park, Stoke – closed May 19
- Poundland Dewsbury – closed May 17
- Poundland Swadlincote – closed April 25
- Poundland Epsom – closed March 29
- Poundland Lime Square, Openshaw – closed March 27
- Poundland Ipswich – closed March 11
- Poundland Southport – closed March 3
- Poundland Walkden – closed February 28
For all the latest Lifestyle News Click Here
For the latest news and updates, follow us on Google News.