Poundland is planning to reopen a number of stores that shut earlier this year, offering a rare boost for high streets hit by ongoing retail closures.
The discount chain is undergoing one of the biggest restructures in its history following its sale to investment firm Gordon Brothers in June.
As part of the shake-up, Poundland had planned to close 68 stores and two warehouses, putting more than 1,300 jobs at risk.
Many branches held clearance sales before shutting their doors, with discounts of up to 40 per cent as the chain began cutting its store numbers.
By late September, 57 shops had already closed. However, Poundland has now confirmed that six of those sites will reopen after reaching new lease agreements with landlords.
Six Poundland outlets that were previously due to shut permanently have been saved after successful talks with property owners.
The stores in Perry Barr, Dundee, Livingston, Musselburgh, Porthcawl and Andover will reopen for customers in the coming weeks.
The shops had already stopped trading and were preparing for permanent closure as part of the discount retailer’s major restructuring programme.
Poundland to reopen multiple UK stores after mass closures
| PAThe unexpected reversals are a rare piece of good news for Britain’s high streets, which have seen many retailers disappear over the past year.
The reprieve comes after Poundland narrowly avoided collapse earlier in 2024, when the High Court approved a crucial restructuring plan just days before the company was due to run out of money.
Investment firm Gordon Brothers bought the discount chain in June and committed up to £60 million in new funding to keep the business going.
The rescue deal allowed Poundland to continue trading while carrying out its large-scale closure programme.
The six stores reopening had previously slashed prices across their shelves, including household goods, food and personal care products, as they prepared to shut down.
In August, the discount chain rolled out a simplified pricing model across its UK stores, reverting to its original £1, £2 and £3 price points
| PADespite having already closed and carried out clearance sales, new tenancy agreements have now been finalised with property owners.
The retailer confirmed that these locations will reopen within the next few weeks.
Meanwhile, seven more Poundland stores are currently running clearance sales ahead of their planned closures within the next eight weeks. A further 28 sites are also holding liquidation events before their final trading days.
In August, the discount chain rolled out a simplified pricing model across its UK stores, reverting to its original £1, £2 and £3 price points.
Despite having already closed and carried out clearance sales, new tenancy agreements have now been finalised with property owners
| POUNDLANDFollowing a five-month pilot across 17 West Midlands stores, around 60 per cent of food items now have £1 price labels.
The retailer said the change marks a return to its original roots and removes confusing pricing. The simplified format will also roll out to general merchandise and clothing in the coming months.
The Poundland Perks customer rewards scheme has been discontinued. Members have until January 15, 2026 to use any remaining vouchers.
More From GB News