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Poundland has made a major U-turn regarding the closure of some of its stores. The turn of events comes amidst a major rehaul for the business. ‌

The high street discounter was initially sold by the Pepco Group to the Gordon Brothers in June this year for a total £1 fee, leading the new owners to devise a restructuring plan to win back customers. ‌

As part of the move, 68 stores were earmarked to close for good, with a total of 57 across the UK currently permanently shuttered, affecting four sites across Scotland. ‌

However, after a creditor vote in August, the budget chain has confirmed that it has reversed its decision to close a further 11 sites, with areas in Brighton’s London Road and Anniesland’s Great Western Road set to continue trading, reports the Grocer

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