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Search the Public Notice PortalPoundland’s Thornaby store has been placed at risk of closure.
The discount chain has confirmed that the store at the Pavilion Shopping Centre is one of 68 shops and two warehouses under threat as part of restructuring.
The store has only been open since late 2023, when it took over the former Wilko after the much-loved high street chain collapsed into administration.
A spokesperson for Poundland confirmed that staff had been informed of the proposals, which are not a certainty at this stage.
It comes after Poundland was taken over by investment firm Gordon Brothers when the chain was sold for just £1 last week.
The recovery plan, which is still yet to be approved, would see Poundland scrap its frozen food offerings and reduce its chilled food selection, focusing more on meal deals and essentials.
The restructure would also see the return of clothing ranges missed by customers after the transition was made to former owner Pepco’s products.
The chain's online presence would also be simplified under the proposals.
Poundland currently has a string of stores across the region, including at Bishop Auckland Retail Park, Durham, Consett, Middlesbrough, Stockton, and Teesside Park.
It also has two stores in Darlington, both of which are not at risk of closure.
Barry Williams, managing director of Poundland, said: “It’s no secret that we have much work to do to get Poundland back on track.
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“While Poundland remains a strong brand, serving 20m-plus shoppers each year, our performance for a significant period has fallen short of our high standards and action is needed to enable the business to return to growth.
“It’s sincerely regrettable that this plan includes the closure of stores and distribution centres, but it’s necessary if we’re to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
“It goes without saying that if our plans are approved, we will do all we can to support colleagues who will be directly affected by the changes.”
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