Poundland parent Pepco is to take on up to 71 Wilko stores.
Staff will not transfer to the company under the deal, but Barry Williams, Poundland md says they will be given priority if they apply for jobs at the branches.
He says the company it would work quickly with landlords in the coming weeks to get its new outlets open once the administration process is wound up.
The stores are: Aberdare; Alfreton; Alnwick; Altrincham; Ammanford; Ashby; Barking; Bedminster; Beeston; Bicester; Bishop Stortford; Bletchley; Bolton; Brentwood; Brigg; Cambridge; Chepstow; Coalville; Cramlington; Droitwich; Eccles; Edmonton Green; Ellesmere Port; Ferndown; Gateshead; Grays; Greenock; Grimsby; Havant; Hayes; Headingley; Hessle Road – Hull; Hillsborough; Hitchin; Jarrow; Killingworth; Kimberley; Lee Circle; Leek; Leigh; Lichfield; Maidenhead; Matlock; Melton Mowbray; Nelson; Northallerton; Orton; Pembroke Dock; Peterlee; Pontefract; Pontypool; Redhill; Redruth; Ripley; Rugeley; Sale; Seaham; Selly Oak; Shrewsbury Darwin Centre; South Shields; Southport; Stafford; Stamford; Stockport; Thornaby; Wellington; Wembley; West Ealing; Wombwell; Worcester and Worksop.
The 51 stores B&M acquired from the homeware chain’s administrors have yet to be announced.