The Original Factory Shop is to open 16 new stores across the country in a move which will create up to 160 jobs.
The Lancashire-headquartered retailer will launch the new shops over the next three months.
The move is part of the company's plans to expand its presence on major high streets while a number of the stores will take over former sites occupied by M&Co.
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M&Co entered administration in December last year while it was announced a few months later that all of its stores were to close.
The Original Factory Shop's managing director Phil Briggs said: "Our investment in new store openings is about making sure we have the right stores in the right place.
"We’re identifying catchments where The Original Factory Shop is not represented and that includes a focus on high streets in major towns.
"Our growth is testament to the importance of multi-department stores and the roles they play in helping local communities. These openings will help provide more job opportunities at a time when they are most needed."
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The Original Factory Shop currently has 185 department stores which operate in small towns with an average population of c.10,000.
The Burnley-headquartered company made a pre-tax profit for the first time since 2019 in the year to March 27, 2022, its most recently-available set of financial accounts.
It also made a pre-tax profit of £6.6m, up from a restated loss of £2.9m in the prior year.
The business, which has been owned by private equity firm Duke Street since 2007, is due to publish its next set of accounts by the end of the year.
The new stores include:
- Kirkintilloch which opens on August 24
- Stonehaven, August 31
- Blandford Forum, August 31
- Haddington, September 7
- Wetherby, September 7
- Nairn, September 14
- Ashbourne, September 14
- Castle Douglas, September 21
- Penrith, September 21
- Inverness, September 28
- Attleborough, September 28
- Ayr, October 5
- Ringwood, October 5
- Perth, October 12
- Lanark, October 19
- Peterhead, October 26