Poundland is set to axe more stores within days following a wave of closures already this month.

The beleaguered discount chain has been shutting up shop on dozens of high streets across the UK.

So far in August, 38 stores have closed for good up and down the country.

Poundland’s new owner, investment firm Gordon Brothers, wants to cut the number of stores from around 800 to 650 within months in a bid to avoid the retailer collapsing into administration.

The retailer could run out of money by September 7 if its restructuring plan is not approved, the retailer’s lawyers told a High Court hearing today.

Poundland stores have already closed in Birmingham, Leicester, Tunbridge Wells, Bedford and Whitechapel in London to try to save the struggling brand.

Further closures are looming for 1

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