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Poundland set to close store as '200 more at risk of shutting their doors'A spokesperson for the budget retailer confirmed the 'sad' closure later this summer stating that they were 'unable

to agree the terms' needed to keep the shop openCommentsNewsSteven White19:14, 03 Jun 2025More and more branches are closing as the high street shop continues to struggle (Image: In Pictures

via Getty Images) Devastated shoppers have launched an appeal to save yet another Poundland branch that is set to close for good.

The Newquay outlet on Bank Street in Cornwall is facing the axe on August 1, with potentially hundreds more following suit. The announcement has since sparked an online petition to rescue

the seaside shop.

‌ The brains behind it, Sharon Gill, said that Poundland provides many locals who aren't able to travel to nearby towns with everyday necessities. She wrote: "Many residents count on

Poundland for their everyday needs. The reality for most of us is that we don't have the luxury of a car to travel to nearby towns.

‌The first Poundland opened in 1990 (Image: Bloomberg via Getty Images) "The nearest alternatives in St Austell or Truro are inconveniently far away, and public transport means hours of

commute for essentials that should be easily accessible."

One person replied that the bargain shop was "the only thing worth visiting Newquay for" as others complained that additional branches were too far away to get to.

Article continues below "This store provides everything most people could want and having to travel to the nearest one at 14-16 miles away is a lot especially on public transport when its an

essential store that should be on the high street especially Newquay," said one shopper.

A Poundland spokesperson confirmed the disheartening news: "It's correct our Newquay store is sadly set to close on 1 August as we've been unable to agree terms that would allow us to keep

trading there.

"We'd obviously like to thank customers for their continued support over the next couple of months. It goes without saying whenever we close a store in circumstances like these, we do all we

can to look for other opportunities for colleagues and that work is now underway."

‌Poundland's future hangs in the balance(Image: PA) Poundland's future hangs in the balance as parent company Pepco Group announced in March that it's looking to flog the bargain chain,

reports the Mirror.

Last month, Pepco updated investors saying it "continues to actively explore separation options for Poundland business with an exit expected by end of FY25."

‌ Based on this it appears that Poundland is aiming to seal a deal by the close of its current financial year, which ends in September. While reports suggest that a massive 200

underperforming Poundland shops could close as part of a rescue plan to keep the retailer afloat.

The discount giant shut six stores in May, including Chiswick High Road in London. Pepco's boss Stephan Borchert 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."

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