Poundland has confirmed its major restructuring, which saw a slew of stores close and thousands of jobs axed, is complete. However, the bargain chain said that there is still "much to do". Almost 150 Poundland stores across the UK shut as part of the restructuring, with 2,200 jobs axed. Poundland secured High Court approval last August for its restructuring plan. Following this, it finished the year with 651 stores, down from 800. Meanwhile, its workforce shrank from 14,200 to about 12,000 at the end of last year as part of the revamp.

Poundland has now said its large-scale store closures are finished. A statement reads: "Any future closures will be a consequence of standard business-as-usual lease events expected at a retailer with a large store network." However, the business revealed that it still has work to do to improve its financial situation. Christmas trading figures showed that like-for-like underlying sales dropped 2.9% in the quarter to December 28 after the chain reduced prices, aiming to get back to its discount store roots. 

However, comparable store sales by volume lifted 2%. Poundland managing director Barry Williams said: "While there's been significant progress as we refocus and re-energise the business with lower prices and a sharper offer, we know we still have much to do.

"Our focus on our costs has, without doubt, given us a platform for future growth, but no sustainable turnaround can be based on cost management alone.

"That's why our focus in 2026 will be on delivering the kind of ranges and price simplicity our customers want right across the store - in clothing, homewares as well as our core grocery aisles."

He added: "They've told us loud and clear they want a simpler, more focused Poundland that keeps its promise of amazing value. We have clear indications from the work we've already done that we're on the right track."

A spokesman for the company said at the time that the move will see it go "back to its roots" and mark "the end of additional price complexity".