Poundland will close 25 stores in August as part of a restructuring plan initiated after its sale to investment firm Gordon Brothers. On 10 August, 10 stores will close, followed by 15 more on 17 August. There are concerns that an additional 150 out of 700 stores might also shut down. Retail director Darren MacDonald expressed regret over the store closures but emphasized their necessity to secure jobs and the remaining stores in the network.
It is, of course, sincerely regrettable that our recovery plans include any store closures, but sadly that's necessary if we're to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
While our anticipated network of around 650-700 stores remains a sizeable one, we entirely understand how disappointing it will be for customers when one nearby closes.
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