Poundland confirmed the closure of a number of its UK stores after the company, as part of a restructuring plan approved in August 2025. Pepco Group, which formerly owned Poundland, sold the chain to US investment firm Gordon Brothers in an effort to save it from collapsing into administration. The chain was sold for £1.

As a result of the rescue deal, Poundland's network of more than 800 stores is being reduced to between 650 and 700, with various closures scheduled to take place this month and continue into 2026.

Among the dozens of closures, shoppers who visit the Weston Favell store in Northamptonshire and those whose local store is the Lancaster branch will be able to visit the stores for the last time today before they permanently close down.

Customers, however, can benefit from reduced prices across the branches scheduled to shut down, with item prices cut by as much as 40% until stock runs out.

Darren MacDonald, Poundland's UK country manager, said: "We know how disappointing it is when we leave a store, but before we close our doors for a final time, we're determined to say goodbye by offering even more amazing value to customers.

"The special reductions, on top of the value we provide in every store, will help us leave locations we're leaving with pride. And when we close our doors, we look forward to welcoming customers to one of the hundreds of Poundland stores we'll continue to operate right across the UK."

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