Discount store to shut three Scotland locations as it launches closing down sale
The move comes as part of a major restructuring plan formed by Modella Capital.
A popular discounted chain has launched a massive closing down sale recently. The move will see it close down three Scots stores for good, with more up for sale.
The Original Factory Shop (TOFS), which operates around 200 stores across the UK, was spotted offering price cuts on a huge selection of items recently, with discounts on everything from clothes and toys to gardening tools.
Shoppers on Facebook shared images of the sale to the Cupar store's official page, with a caption reading: "Up to 11 TOFS stores are already to set to close this month, including sites across Worcestershire, Durham and Cumbria."
Scottish stores confirmed to be closing down for good on Saturday, June 28 are based in Perth, Arbroath and Peterhead.
Meanwhile, a further four stores across the country are up for sale in Nairn, Troon, Castle Douglas and Blairgowrie, although negotiations with landlords are said to be ongoing, so it is unsure if these stores will be closing down as well.
According to the Sun, clothing rails have been tagged with percentage-off signs as high as 30 per cent off, with discounts in the Cupar store said to be across summer items such as linen, dresses and jeans.
Shoppers are also reported to find savings across footwear and the menswear section, with an abundance of polo shirts, gym vests, and t-shirts on offer.
It's not just clothes that are included in the closing down sale, as cleaning products and household essentials are on offer for 10 percent less, while plenty of deals have been spotted across confectionary.
The announcement of the store closures comes as part of a major restructuring plan that is being carried out by Modella Capital, the same firm that bought over WHSmith and Hobbycraft.
The private equity firm purchased the discounted department store earlier this year, with a plan renegotiate rents across 88 of its stores.
As part of the restructuring plans, TOFS is said to have previously told the Press and Journal that several "loss-making stores will have to close."
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Modella bought over the discounted department store, which has been on the high street since 1969, earlier this year from Duke Street Capital.
To help save the company from collapse, it drew up plans to initiate a company voluntary arrangement (CVA) at the end of April, allowing it to explore other strategies such as negotiating reduced rents with landlords.
Full list of TOFS stores closing for good
Milford Haven, Pembrokeshire - June 26
Perth - June 28
Chester Le Street, County Durham - June 28
Arbroath, Angus - June 28
Kidwelly, Carmarthenshire - June 28
Pershore, Worcestershire - June 28
Normanton, West Yorkshire - June 28
Peterhead, Aberdeenshire - June 28
Shaftesbury, Dorset - June 28
Staveley, Cumbria - July 12
Middlewich - TBC
Heswall - TBC
Full list of TOFS stores up for sale
Nairn
Market Drayton
Troon
Blairgowrie
Castle Douglas
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