B&M to Open 51 New Stores
Discount chain B&M has announced the locations of two new stores as part of its plans to open 51 new locations. The stores are former Wilko locations that B&M acquired in a £13 million deal. The first store is located in Washington, Tyne and Wear, while the second store is in Worthing, Sussex. No official opening dates have been confirmed yet.
Wilko's Collapse and Rivals' Takeovers
Wilko collapsed into administration in August and was unable to find a buyer for its entire business. As a result, all 400 Wilko stores closed by October. However, several rival chains, including Poundland and B&M, purchased some of the stores. Poundland has already reopened 71 locations under its own name, with more to come. The Range also acquired the Wilko brand name and has reopened two stores, with plans for three more by Christmas.
The Range's Ambitious Plans
The Range, which acquired the Wilko brand name, has announced its intention to reopen up to 300 stores on high streets across the UK. The company has already opened two new stores and plans to open three more by Christmas. The Range founder, Chris Dawson, stated that customers were eager to return to Wilko stores to purchase their favorite products.
Online Retailer Returns to High Street
An online furniture retailer has also made its return to the UK high street after being taken over. The details of the retailer were not disclosed in the article.
High Street Bargain Shop to Close for Two Days
A major high street bargain shop with 215 locations will be closing all its stores for two days over Christmas this year. The name of the shop was not mentioned in the article.