The new owner of the discount retailer Poundland has revealed proposals to close 68 stores and two distribution centres under a shake-up that will also see frozen food sales halted.
Gordon Brothers, the investment firm which snapped up the struggling brand for a nominal sum last week, said its recovery plan “intended to deliver a financially sustainable operating model for the business after an extended period of under-performance”.
The company is yet to confirm exactly how many staff will be affected by the closures.
It was also seeking rent reductions more widely.
But it confirmed its frozen and digital distribution centre at Darton in South Yorkshire would shut later this year.
Poundland also planned to close its national distribution centre at Bilston in the West Midlands early in 2026.
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