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I'd never noticed it before but apparently it's been open since August last year. I had a nosey at lunchtime and they had some great bargains though it may be one of those shops that has a permanent sale on but regardless there were hundreds of s/s baselayers for £8, softshells for £15, fleeces for £15 etc etc. They had a small rack of bike specific stuff up the back. Nothing great though they had a pretty nice, thick-ish l/s top for £20 and baggies with clip in mesh liner for £20
http://www.mountainwarehouse.com/
It's on Gordon Street, just off Buchanan Street
Yeah, there's one of those in the gyle in edinburgh, a wee bit pikey maybe but some decent stuff. Oh, actually I'm wearing one of their fleeces just now 
The long sleeve base layers are pretty decent too.
It's a permanent sale type shop, but still good. Replaced woolies in keswick to add to our over supply of outdoor gear. Good value on some bits mind.....