Popular Stores Closing in DAYS – Is Yours One of Them?
- Closures confirmed: Four stores shutting in May, including Clapham Junction and Liverpool’s Belle Vale.
- More could follow: Owner Pepco is exploring a sale of Poundland, raising uncertainty.
- High street pain: Industry-wide pressures mean 17,000+ stores expected to close in 2025.
- Massive losses: Poundland suffered a £641m financial hit, tied to slow sales and increased operating costs.
As someone who’s spent years sharing Poundland hacks and dupe finds (anyone else remember the £1 unicorn LED lamp that went viral?), I felt a real pang reading this.
Yes, it’s true – Poundland is closing several stores, and the first shutdown starts in just DAYS.
The Clapham Junction branch is shutting up shop on Friday, May 2, after nearly three years of bargain hunting joy. A sign in the window tells customers not to worry – there’s still one at Southside Shopping Centre near Specsavers (phew).
Following closely behind is Liverpool’s Belle Vale store, set to close May 6. And if you’re in Brackla, Wales, brace yourself: that store shuts May 24. Over in Gravesend, Kent, the Poundland in St George's Centre is also going – but the closing date is still a mystery.
It’s a tough time on the high street. The British Retail Consortium says new tax hikes could cost shops £2.3 billion this year, while nearly 17,350 stores may disappear by the end of 2025. That’s a 28% jump from last year.
But don’t panic-buy your last multipack of crisps just yet – not all closures mean a business is in trouble. Sometimes it’s a lease issue, or they’re moving to busier areas. Still, with Poundland’s £641 million loss, its future is uncertain.
Parent company Pepco is now considering selling the brand entirely, and has hired advisors to manage the process. It could be a reboot – or the beginning of the end for one of the UK’s best-known bargain chains.
We’ll keep our eyes peeled and our discount radars on full blast.
Tom Church, Co-Founder of LatestDeals.co.uk said, "It’s always sad to see high street favourites like Poundland close down. These shops offer real value to families. But store closures don’t always mean the brand’s in trouble – sometimes it’s just shifting strategy. Let’s hope they find the right buyer and keep the deals going strong."
Pepco haven't done a good job with Poundland when they took over. They introduced a lot of Pepco products like clothes that didn't sell and wasted store space on items that were slow moving. I used to love Poundland but the value compared to other shops like supermarkets has definitely reduced. It's a low margin high turnover business historically. I used to love Poundland for exploring and seeing what bargains I could find but nowadays I just don't bother most of the time. A combination of shrinkflation and normal inflation has ruined it to be honest.
I doubt anyone would take it at their selling price, it will need to hit administration and then the usual suspects will probably take it at a knock down price without the liabilities. They need to look at Home Bargains, they don't offer the big brands as much they just focus on value and that is what Poundland need to do.
I imagine Pepco are going to lose a significant amount of money on the purchase of Poundland, maybe all the money they invested.