is shutting anotherstore this week as hundreds more are potentially at risk of closure. The bargain high street retailer will be closing a sixth store this week on May 28.
Poundland's store on Chiswick, High Road in London for good on Wednesday. Closing down sale signs were put up in the window several weeks ago, however, the exact date was not confirmed until recently.
According to reports, neighbouring Marks and Spencer has plans to expand into the space when Poundland has gone - however, this has not been officially confirmed.
Poundland said the move is due to a failure to "agree terms that would allow us to keep trading". On the closure, a Poundland spokesperson said: "We operate from over 800 locations across the UK and Ireland and with so many locations, we constantly review our store portfolio as leases expire or come up for renewal.
"We’d like to thank customers in Chiswick and look forward to welcoming them to our nearest store in Acton."
Overall, six Poundland stores pulled down their shutters in May. The closure comes as a further 200 loss-making Poundland stores could close soon as part of a rescue deal to save the retailer. In March, Poundland's owner, Pepco Group, said it was considering a sale of the UK budget retailer after warning of “more difficult” trading conditions.
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In a financial update last week, parent company Pepco Group told investors that the company "continues to actively explore separation options for Poundland business with an exit expected by end of FY25".
This indicates that Poundland expects the deal to be done by the end of its current financial year, which closes in September.
Recently, it was reported Gordon Brothers, the ex-owner of Laura Ashley, has become the frontrunner to takeover the bargain chain. It was revealed this week that Poundland revenues dropped by 6.5% to €985million (£830million) for the six months to March, compared with a year earlier.
The brand suffered “challenges across all categories” and had 18 net store closures over the period. Poundland is now due to deliver earnings of between 0 and €20million (£16.9 million) compared with previous guidance of €50million and €70million.
Commenting on the update, Stephan Borchert, chief executive of Pepco, said: “At Poundland, trading remains challenging, which is reflected in a profit outturn below expectations for H1 and a weaker outlook for the full year. Barry Williams, who was reappointed as Poundland managing director in March 2025, and his team are actively driving a recovery plan to help turn around the business by refocusing on its traditional core strengths.”
Poundland has more than 820 stores and employs more than 16,000 people across the UK, as well as in Ireland, where it is known as Dealz.
Poundland closures this month- Clapham Junction Station, London – closed May 2
- Belle Vale Shopping Centre, Liverpool – closed May 6
- St George’s Centre, Gravesend – closed May 8
- Copdock Mill Interchange Ipswich - closed May 20
- Brackla, Wales – closed May 24
- Chiswick, High Road – closing May 28
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