Friday, May 13, 2016

News: Original Factory Shop to take over Rotherham Co-op

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Discount department store, The Original Factory Shop, is to take over the Maltby store vacated by the Co-op.

The Original Factory Shop was established back in 1969, with a commitment to bringing big brands for all the family at factory shop prices. It has grown to over 200 stores nationwide with an extensive range of discounted, branded product that change weekly, creating high footfall in normally quiet locations.

The Burnley company has plans for 20 more stores with the new Rotherham store set to open on July 16. Recruitment for staff is underway.

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The Co-op has remained tight-lipped on restructuring plans that could see the closure of a reported 300 of its stores. Sky News reported that Rothschild, the investment bank, had been brought in to contact prospective buyers for approximately 300 stores which sit within a 700-strong "non-convenience" estate. In 2009 The Co-operative Group acquired Somerfield, adding over 800 outlets to the food store portfolio.

The Co-operative Group is the UK's largest mutual business, owned by more than eight million members. It operates in 3,500 outlets and employs approaching 70,000 people.

The Co-op store on Maltby's High Street is set to close this week.

Discount retailers have been targeting the colliery town with plans approved for Home Bargains, one of the country's best-loved discount retailers to open a new 18,000 sq ft retail unit at a former industrial site in Maltby.

An Aldi store is also proposed as part of a new regeneration scheme for the site of the council depot and Lantern Engineering Ltd at Muglet Lane. The plans for Home Bargains came when the owners found that the site "is not attractive to the residential market given its location and limited ability to produce acceptable development values."

The Original Factory Shop website

Images: The Original Factory Shop

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