Melton's Wilko shop to be converted into a Poundland store

Earlier in the day there was disappointment in the town when it was confirmed that the Wilko store in Nottingham Street would close for good on Sunday after a final rescue bid for the business failed.

However, a few hours later it was reported that Pepco Group, which owns budget retailer Poundland, was expected to convert around 70 Wilko stores, including Melton, into its brand.

The move will not take place until later this year in the run-up to Christmas, it is understood.

Poundland closed its previous store, on Sherrard Street, three years ago.

Melton BID, which works to stimulate economic growth and tourism in the town welcomed the quick move to fill what is a prominent town centre premises.

Manager, Shelagh Core, told the Melton Times: "Poundland will be a good strong key attractor for Nottingham Street and a much bigger store with easier delivery access.

"They’d always looked to relocate back to the town so at least the unit has been saved and I hope that it will also create new jobs for some of the Wilko employees.”

There has been disappointment in Melton today after it was confirmed that Wilko will closes its doors in Nottingham Street for the final time this weekend.

On the loss of Wilko, Shelagh added: “Wilko has been a big part of our town’s high street for many, many years and as a national store, it has been a significant key attractor for Nottingham Street and the town in attracting footfall.

"Its closure will be a huge loss to the town and our thoughts are with all of the staff now at this really difficult time.”