Home » UK Business News » Poundland to open first set of former Wilko stores
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Poundland will open its first batch of stores inside former Wilko branches this weekend, shortly after they ceased trading.
The discount retail chain will unveil ten newly transformed outlets in various locations on Saturday, September 30.
It includes Stafford, Nelson, Barking, Stockport, Eccles, Leigh, Southport, Maidenhead, Jarrow, and Scunthorpe.
Read More: Dunelm Could Buy Former Wilko Stores To Expand Further
This move follows Poundland's agreement to acquire 71 of Wilko's store leases.
The deal was facilitated by administrators PwC earlier this month.
The company intends to convert these units into fully operational Poundland stores.
It focuses on providing employment opportunities for former Wilko team members.
Poundland's Retail Director, Darren Kay, said: “We’re pleased to be able to re-open so quickly – not least because our ambition is to provide job opportunities for former Wilko colleagues.
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“Of course, we’re not yet in a position to offer our fullest ranges in these stores, but we know customers will appreciate a shop that’s open, trading and employing colleagues to one that’s got its shutters closed.
“We’d encourage customers old and new to come and say hello to their new Poundland team from this coming Saturday in each of these 10 locations.”
Poundland plans to conduct a store revamp in the coming year “so they can become fully operational Poundlands”.
Similarly, discount retail competitor B&M recently acquired 51 Wilko stores in a £13 million deal at the beginning of September.
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