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Budget retailer Poundland is set to close 68 stores nationwide by the end of 2025 after narrowly avoiding collapse through court-approved restructuring.
The discount chain, now owned by US private equity firm Gordon Brothers, has already shuttered 51 outlets with 16 more set to close at undisclosed locations, impacting hundreds of employees.
Reasons include shifts in consumer habits, rising costs, and the need for rent reductions.
Poundland also plans to close two distribution centers early next year.
Despite these cuts, 115 stores continue to operate as administrators explore potential buyers.
The closures reflect broader challenges faced by UK high street retailers amidst economic pressures.




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