The Hinckley Free Press have received confirmation from two credible sources that the former Dunelm space in Hinckley’s town centre has been purchased by Poundstretcher.

Two sources close to The Hinckley Free Press, The Hinckley Times and Wards Surveyors, have both gave confirmation on this report.

However, according to a retail report from Commercial News Media, Poundstretcher won’t be moving into their newly-purchased town centre space under their own recognisable brand name.

Poundstretcher will be trying their hand at bringing in their lesser-known sister store Bargain Buys into the Hinckley town centre high-street.

It is believed that the lease on the property for Bargain Buys has been signed for 10 years.

Bargain Buys would move in next door to B&M Bargains and prove to be competition as they are both bargain retailers.

David Walton, Head of Retail at Bargain Buys, spoke to Commercial News Media about the discounter joining Hinckley. Walton said: “We are delighted to have secured such a fantastic outlet for Poundstretcher.

“It is a well-appointed, good-sized store, with a 4,500 square foot sales area and a further 4,500 square foot for storage, making it an idea site for the business.

“The latest store, which will open under the chain’s trading fascia Bargain Buys, occupies a prominent position in a popular shopping area enjoying high levels of footfall, with neighbouring retailers including B&M Stores, Carphone Warehouse and WH Smith, all of which should combine to ensure the chain’s continuing success.”

The closest Bargain Buys to the area of Hinckley and Nuneaton is located in Coventry in the Cannon Park Shopping Centre which opened its doors on 21 December 2018.