Poundland is closing multiple stores in October 2025 as retailers continue to struggle navigating the ongoing cost of living crisis.
These latest round of closures come after the business was saved from falling into administration earlier this summer.
In August 2025, a high court judge approved a deal to rescue the company following report that Poundland was set to run out of money.
Judge Alistair Norris sanctioned the discount retailer's restructuring plan in a move that was praised by Poundland's managing director Barry Williams for "securing the future of stores" on the high street.
Poundland is closing multiple stores in October 2025
| POUNDLANDOriginally founded in Burton during the nineties, Poundland has become a staple in British high streets with 800 its its retail portfolio at its business peak.
With its acquisition by Gordon Brothers in June 2025, the retailer is understood to be preparing to cut the number of stores to between 650 and 700 shops.
As part of the deal, Poundland's new owners pledged to invest £90million to rescue this business, but this would result in 68 stores and two warehouses closing down.
Poundland's managing director, Barry Williams, explained: "We're determined to deliver a simpler, more focused Poundland that keeps its promise of amazing value to customers.
The high street has been hit with store closures in recent months. | PA"Today’s decision is vitally important for Poundland, allowing us to stabilise the business, securing the future of hundreds of stores and thousands of jobs.
"We’d like to thank the court, and the engagement of our creditors, throughout this process. Despite the opportunity this ruling provides, I’m extremely mindful of its consequences for our colleagues, especially those leaving us as we streamline our store estate, distribution network and support teams.
"We acknowledge the direct impact our plans have had on them and re-confirm our commitment to do all we can to support them “Nevertheless, our wider attention must now turn to getting Poundland back to growth.
"In the coming weeks we will focus on getting us back on track, revamping ranges, lowering prices and creating the simpler and more focused Poundland we know our customers are eager for us to deliver."
Here is a full list of the Poundland stores that have either closed or set to close in October 2025:
- Liscard - October 1
- Lowestoft - October 10
- Livingston - October 12
- Tenby - October 18.
High streets have been hit by a wave of store closures in the last 10 years | PAAccording to research conducted by PwC, a total of 12,804 shops and outlets belonging to multiples and chains left UK high streets, shopping centres and retail parks in 2024.
This is equivalent to 35 closures per day, which is a slight decrease from last year and the second fewest closures in a decade.
Jacqueline Windsor, the head of Retail at PwC UK, said: "Our latest Store Openings and Closures insights indicate a cautious optimism for the retail sector. This creates opportunities for stakeholders to seize momentum and unlock growth by tackling market challenges and capitalising on evolving consumer behaviours.”
"Whether it be investing in technology to enhance the consumer experience or drive productivity improvements, 2025 could be a big year for retailers who are smart about how they play in the market."