Major retailer Poundland has confirmed the location of the Wilko store it will be taking over.

Amid the collapse of Wilko and the news Poundland have snapped up 71 of the stores in the UK, it was revealed Bolton was one of the fortunate places.

Poundland have now confirmed the store they will be taking over is the Deansgate store in Bolton Town Centre.

Poundland already has a location in Bolton Town Centre on Victoria Square.

The future of the Wilko store in Middlebrook is uncertain at this time but the Deansgate store is bigger and will allow more stock.

The retailer encourages existing Wilko staff to apply to positions, giving them priority when rebranded shops open.

The rebranded stores are looking to open at the end of 2023.

Poundland also issued a statement to those working in the Wilko store in Bolton.

In a statement Poundland said: “We obtained lease option agreements for up to 71 Wilko stores.

“We promise we'll be working our tails off in the coming days to agree new terms with landlords so we can welcome as many of you as possible in those stores to our Poundland team.

The Bolton News:

“We know the last few weeks have been tough for you and we'll do all we can to give you the certainty you deserve - as quickly as we're able.

“Thank you for all you've done for Wilko.

“We're looking forward to being able to ask you to consider applying your talents and commitment as part of our Poundland team.”

Andy Bond, executive chairman of Pepco Group, said: “The agreement to assign a number of Wilko store leases to Pepco Group will help to bring Poundland’s value and wide offer to even more customers in the UK.

“It will be pleasing to offer employment to a number of Wilko’s colleagues - who will benefit from being part of a successful and fast-growing pan-European variety discount group.

“Pepco Group is well placed for future success across Europe, supported by its market-leading customer proposition, strong balance sheet and impressive cash flow.

“The group’s strategy to become a bigger, better, cheaper and simpler business will enable it to continue to provide families on a budget with great range, value and convenience for many years to come.”