Full list of Poundland closures this month as 200 stores at risk

POUNDLAND will have shut six locations by the end of the month – and hundreds more are at risk of closure.

The bargain retailer has pulled the plug on five stores in the last couple of weeks.

GettyLast month, its parent company Pepco is said to have hired advisory firm Teneo to oversee the sale of the Poundland brand[/caption]

This comes after a further 200 loss-making stores were identified as possible closures.

“As announced at the capital markets day on March 6, Pepco Group is moving away from fast-moving consumer goods to create a simpler business focused on higher-margin clothing and general merchandise and is actively exploring separation options for Poundland, including a potential sale, from the group,” a spokesperson for Poundland’s parent company Pepco Group said.

You can see the full list of closures this month below:

Chiswick, High Road – closing May 28 Copdock Mill Interchange Ipswich, closed May 20. St George’s Centre, Gravesend – closed last week Clapham Junction Station, London – closed May 2 Belle Vale Shopping Centre, Liverpool – closed May 6 Brackla, Wales – closed May 24

In March, Poundland was forced to shut its Belfast branch after the Connswater Shopping Centre was placed into receivership.

The store closed its doors at the end of March, following a major closing-down sale.

Back in October, residents of Maidenhead were similarly dismayed when their local Poundland branch closed.

This came in addition to other closures, including its Sutton Coldfield store on October 5 and the Macclesfield branch last August, the latter closing due to the inability to secure a new lease agreement.

WHAT IS GOING ON AT POUNDLAND?

It follows reports that up to 200 stores could close as part of a rescue deal of the brand.

Gordon Brothers, the ex-owner of Laura Ashley, has become the frontrunner to takeover the bargain chain, which recently announced a wave of store closures across the UK.

Turnaround Investors were linked with a bid for Poundland.

These firms specialise in buying up struggling businesses in the hopes of turning them around.

Bidding for the business was expected to start this Tuesday.

A source told The Sunday Times that Poundland would be priced at “effectively a pound.”

Several interested parties are reportedly looking at bidding on the UK budget retailer.

Further store closures and job losses would come as a blow to the high street.

Polish retail giant Pepco said it expects the sale of Poundland to complete by September.

Last month, the parent firm is said have hired advisory firm Teneo to oversee the sale of the UK business.

Poundland revenues dropped by 6.5% to 985 million euros (£830 million) for the six months to March, compared with a year earlier.