Poundland’s Big Shake‑Up: 68 Stores, 2 Warehouses – One‑Pound Deal
Gordon Brothers swooped in last week to take over the discount chain for a symbolic £1. This move comes with a hefty restructuring agenda aimed at reviving the once‑flourishing retailer.
What the Plan Cuts
- Sharpened 68 stores
- Crumpled down 2 warehouses
- All designed to tighten the belt and give the business a “financially sustainable operating model”
High Court’s Green Light?
The high court’s approval could put this plan in overdrive, ushering in a new and leaner era for the £1‑per‑item shop.
Barry Williams Speaks
“It’s no secret that we have much work to do to get Poundland back on track,” the managing director tells us.
“While Poundland remains a strong brand, serving 20m-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.”
“It’s sincerely regrettable that this plan includes the closure of stores and distribution centres, but it’s necessary if we’re to achieve our goal of securing the future of thousands of jobs and hundreds of stores.”
Bottom Line
With a full-fledged restructuring behind the wheel, Poundland is steering toward a more viable and job‑protective future. Whether the High Court’s stamp of approval will be the final push remains to be seen.
