Poundland will close its Leicester store on Charles Street as part of a nationwide restructuring plan aimed at stabilising the business. This is the first wave of a broader effort that will see 68 stores across the UK shut down. The Charles Street branch, which opened in October 2023 following the closure of Wilko, is set to close on August 10 due to poor performance and lease expiry.
The chain, which currently operates around 800 stores, plans to reduce its network to approximately 650-700 locations. Staff at affected stores were notified in June, with specific closure dates communicated this week.
The restructuring is part of Poundland’s strategy to focus on more profitable locations and secure the long-term sustainability of the business. While the closures are unfortunate, the company remains committed to supporting employees and ensuring they have access to alternative roles within the organisation.
Leicester will still have two other Poundland stores in the city centre, located on Gallowtree Gate and Belgrave Gate.
