{"id":243057,"date":"2023-12-06T11:43:56","date_gmt":"2023-12-06T11:43:56","guid":{"rendered":"https:\/\/lovemainstream.com\/?p=243057"},"modified":"2023-12-06T11:43:56","modified_gmt":"2023-12-06T11:43:56","slug":"discount-shop-with-over-100-locations-to-take-over-another-former-wilko-store-and-its-not-poundland-or-the-range-the-sun","status":"publish","type":"post","link":"https:\/\/lovemainstream.com\/lifestyle\/discount-shop-with-over-100-locations-to-take-over-another-former-wilko-store-and-its-not-poundland-or-the-range-the-sun\/","title":{"rendered":"Discount shop with over 100 locations to take over another former Wilko store – and it's not Poundland or The Range | The Sun"},"content":{"rendered":"
A DISCOUNT shop with over 100 locations is set to take over another ex-Wilko store.<\/p>\n
One Beyond will open up a new store in Waterlooville, Havant, just in time for Christmas.<\/p>\n
<\/p>\n
The budget retail chain launched just four years ago and currently has 107 stores nationwide.<\/p>\n
The company sells 4,000 different products for \u00a31, with thousands more offers costing more.<\/p>\n
A spokesperson for the company told The Sun that the new store on Dukes Walk in Waterlooville will open on December 15, at 10am.<\/p>\n
The discounter has already opened up two former \u00a0Wilko\u00a0branches, in Chelmsford and\u00a0Boston, in November.<\/p>\n
It could take on up to 10 Wilko locations as part of its plans to increase its portfolio of stores to 125 by spring next year.<\/p>\n Chris Edwards, chief executive officer, previously told The Sun: "We're looking forward to bringing One Beyond's incredible value to even more shoppers across the UK."<\/p>\n It comes after Wilko fell into administration in August leaving 400 stores and 12,000 jobs hanging in the balance.<\/p>\n The much-loved retailer was unable to find a buyer for the whole business meaning the stores closed and thousands of jobs were lost.<\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n The chain, founded by James Kemsey Wilkinson in 1930, had been facing issues for several months.<\/p>\n The company borrowed \u00a340million in 2022 from Hilco as well as cutting jobs and restructuring the leadership of the business.<\/p>\n Administrators PwC were brought in in August to salvage a deal among\u00a0interested firms\u00a0and in a bid to save jobs and stores but failed.<\/p>\n However since then, several retailers have snapped up some of the ex-Wilko premises, and the name itself has also been saved.<\/p>\n Poundland\u00a0owners Pepco have bought up to 71 locations and set to work opening up the stores under the Poundland name.<\/p>\n B&M has also\u00a0purchased 51 stores, although the retailer is yet to confirm which branches are included in the deal.<\/p>\n Meanwhile,\u00a0The Range\u00a0has snapped up the Wilko name and website, as part of a \u00a35million deal.<\/p>\n Since re-launching the website, The Range has also opened up some new Wilko stores, in a surprise move.<\/p>\n It opened up new concept stores in Plymouth and Exeter and has plans for more.<\/p>\n The\u00a0cost of living crisis,\u00a0high inflation\u00a0and\u00a0energy costs\u00a0are all taking their toll on businesses.<\/p>\n Retailers including\u00a0Poundland,\u00a0New Look\u00a0and Homebase are among those\u00a0pulling the shutters down\u00a0on locations for the final time this month.<\/p>\n Many shoppers have taken to doing their shopping online and a lot of households just do not have the spare cash to splash on a shopping spree.<\/p>\n Bank branches are also being affected and just last week banking group\u00a0Lloyds announced that it would be closing 45 branches next year.<\/p>\n This comes as more banks look to move their services online.<\/p>\n However, it is not all doom and gloom for retailers as some are managing to thrive, despite the difficult trading conditions.<\/p>\n The Sun recently revealed\u00a0discount retailer Costco\u00a0is expanding in the UK and is planning to open 14 more warehouses over the next two years.<\/p>\n Bonmarche is opening\u00a0at least seven new stores after filing for administration in 2019, while The White Company is also opening up new locations.<\/p>\n<\/picture>FREE CASH <\/span><\/p>\n
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