Poundland plans UK closures risking 1,000 jobs

Poundland, a UK discount retailer recently acquired by investment firm Gordon Brothers, plans to close 68 stores and two UK warehouses as part of a major restructuring strategy, putting more than 1,300 jobs at risk. The closures include a frozen and digital distribution center in Darton, South Yorkshire, and another warehouse in Bilston, West Midlands, affecting around 350 warehouse workers. The retailer will also stop selling frozen food and reduce its chilled food offerings, alongside ending online sales through its Poundland.co.uk website. Currently operating around 800 stores, Poundland expects to reduce this number to between 650 and 700, with Irish stores unaffected by the restructuring. Managing director Barry Williams acknowledged the need for action to return the business to growth despite the regrettable nature of the closures. The company is seeking court approval for the plan, with proceedings expected to conclude by late summer.