Poundland has announced plans to close 68 stores and two UK warehouses as part of a restructuring plan after being sold to investment firm Gordon Brothers.
High Street discount chain Poundland has been sold for a 'nominal' sum following growing financial difficulties, as workers brace for job losses amid reports up to 200 stores could be at risk of clos…
Industry sources have suggested that Poundland is now unlikely to 'survive without a large number of store closures', in another blow for the UK high street.
Discount retailer Poundland faces an uncertain future after more than 800 stores were put up for sale, amid huge financial struggles and Labour's tax raids.
The property boasts nine bedrooms, seven bathrooms, a coach house and a museum dedicated to the high-street discount chain, but has failed to sell after more than a year on the market
Nicola Prichard, 40, from Cannock, Staffordshire, visited her local Poundland in January, where she'd purchased a £2.50 set of knickers from the Pepco range for her 10-year-old daughter.
James Dixon, 43, and Thomas Loring, 41, targeted cash-in-transit workers, Post Offices, a Poundland, and the west London jewellers in a "campaign of burglaries in the Greater London area'.