I've been in to inspect and its had a real clean-up, new paint, carpet, better lighting - but its got the same good choice of wools and vast quantities of things being produced from the back room :) Its the same "go and ask at the counter" format but the new owners are nice and enthusiastic and quickly becoming experienced knitters themselves. I dropped in for something and was there for easily 20 minutes! The details are:
The Wool Shop
Tel: 0113 263 8383
Its on the main bus route, and is easy to park.
10:30am to 5pm, Monday to Saturday - but they run another mail order business from the premises and are often there much later on, so give them a ring if you want to pop in after 5pm.