Landlord confirms former High Street Co-op to become B&M

It’s been eight months since the Co-op closed on Stone High Street but we can reveal that an agreement has been signed to bring B&M to the town

Property landlord Yisroel Schreiber exclusively released details to A Little Bit of Stone of the new tenant this weekend.

Mr Schreiber told A Little Bit of Stone:

“Good news! We have signed an agreement to lease on Friday with B & M Bargains. The agreement means that we need to carry out certain works to the former Co-op unit and then B & M will take a lease.

“It’s anticipated that the works will take no longer than 5 weeks with B & M are hoping to be open for business before Christmas 2018”

There has been repeated speculation about B&M’s interest in the unit, so it’s good to be able to report that the interest has resulted in a deal.

B&M was formed in 1978 and is now one of the leading variety retailers in the UK.

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From its first store in Blackpool, Lancashire, B&M has grown to over 560 stores and employs over 28,000 staff. B&M believe in selling top branded products at low prices and attract over 3 million customers through their doors a week.

The Stone store will add to B&M’s stores in England, Scotland, Wales and Northern Ireland.

The introduction of such a retailer to Stone High Street will help expand the current retail mix on offer. Stone is renowned for its unique independent shops so a mainstream High Street brand will complement the current offering.

A spokesperson for B&M, said:
“We are pleased to announce that we are taking over the Co-op store in Stone.
“We hope customers are going to be delighted with their new store and we’re looking forward to welcoming them through the door later this year.”