Wilko will sell 51 of its stores to a rival bargain retailer, it has today (September 5) been announced.

B&M confirmed it will spend £13 million on the new sites, but has not announced which stores will be saved.

The news leaves the future of Wilko's remaining 350 shops in the balance after the company fell into administration in August.

B&M said details of the new store openings will be confirmed at the start of November.

Towards the end of August, statements were released from both Wilko and a workers union that increased concerns that stores could close 'within weeks' after a sale fell through.

There are currently huge reductions on products at most stores across the country as part of an 'administration sale'.