BUDGET retailer Poundstretcher bought the Alworths store in Newhaven saving nine jobs lost when the outlet closed.
The company confirmed it planned to reopen the store as a Poundstretcher this week.
This may mark the start of an improvement in the town centre’s fortunes as several other retailers are arriving in the next month.
Chamber of commerce president Paul Boswell said: “After the sad news that Alworths had gone into administration, I was delighted to hear that Poundstretcher had decided to open a Newhaven branch.
“I’m sure that the store will be a big hit with the local population and will help to bring in people from outside Newhaven.
“This could be the beginning of a rise in the fortunes of Newhaven town centre as there are several other new retailers coming to the town in the next month or two.
“I hope this trend continues and that everyone takes the opportunity of shopping locally.”
Newhaven Mayor Graham Amy said: “I am delighted with the news that Poundstretcher have taken over Alworths and welcome the fact that the previous excellent Alworths staff are to be given jobs.
“I will be opening a new beauty store called Bodyhaven at 1 Chapel Street on Sunday May 15 so it looks like things are starting to pick up in the town again.”
Poundstretcher Limited bought the business and assets of Alworths Limited from the administrators, Neil Bennett and Michael Hardy of Leonard Curtis Limited.
Poundstretcher has acquired 15 of the 17 stores formerly operated under the Alworths brand, which will be reopened as Poundstretcher outlets.
Leonard Curtis was appointed administrators to Alworths on March 28, 2011.
Alworths opened in the old Woolworths unit last year, amidst hopes it would win shoppers back for the town centre.
The demise of Woolworths had a noticeable affect on the number of customers making a trip to town centre shops.
Alworths set up in small market towns like Newhaven where it felt there was still demand for a Woolworths style offer.