The owner of Poundland has declined to comment on reports that it has put the discount chain up for sale.
Gordon Brothers, an American-based investment firm, acquired Poundland in July 2025 for a token £1 and immediately closed 200 shops, leaving it with 600.
On the Fylde coast, it currently has branches in Bank Hey Street and Squires Gate. The chain’s Cleveleys store closed in March this year.
Although Poundland has been approached for a comment, it has not confirmed industry reports it is to auction off its 600 stores, including the two on the Fylde coast.
It currently employs around 12,000 people across the country.
The reports cast doubts about the future of the chain, despite the fact it appears to have enjoyed something of an upturn in trade in 2026.
In February, Poundland issued a statement on its closure of the Cleveleys branch the following month.
A Poundland spokesperson confirmed the looming closure of the Victoria West store, saying: “We began a clearance sale at the store in Cleveleys at 75 Victoria Road West earlier this week (on February 11) as the store is due to close on March 23.
“We can also confirm that any future and current closures (and that’s the case for Cleveleys) are a consequence of standard business-as-usual lease events expected at a retailer with a large store network, not because of the restructure.
“I’m afraid that’s the situation here – we’ve been unable to secure lease terms that would enable us to keep trading there.”
The branch at the Cherry Tree Retail Park closed on October 25, 2025.
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