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Budget retailer Wilko has closed , 12,000 jobs gone : 5 New Stores will now open
Not enough Cash Customers
in these Hard times. [Household goods retailer with about 400 stores files notice of intention as it tries to secure finances] [The household and garden products retailer, which has about 400 stores, said in a notice of intention filed at the high court on Thursday that it had appointed the advisory firm PricewaterhouseCoopers in recent months to try to find a buyer in an attempt to secure additional cash needed to keep trading. The cut-price retailer has struggled in the tough economic climate and last year borrowed £40m from the restructuring specialist Hilco. It also cut jobs and rejigged its leadership team as it faced a cash squeeze after falling to a loss, and needed to find new funds by the end of this month.] https://www.theguardian.com/business...ing-12000-jobs |
That's sad but it has been going downhill a lot in the last couple of years. The shops looked like **** and we're really badly stocked with gaps and empty space everywhere. Places like B&M and Home Bargains fulfil the Wilko offering a lot better now
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I have never been in one
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Hopefully they'll find a way to save their business.
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Sadly not Admin now going in. SkyNewsHD Business reporter said Wilco did not match Poundland in low prices |
Their prices are crazy
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https://i.dailymail.co.uk/1s/2023/08...1662088957.jpg
[The branch of Wilko in Didcot where the majority of shelves were almost empty of stock since the troubles were first announced] |
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Yes they made a error Meanwhile, a Solid Metal Hinge Corner 2 Pack are £1 in Poundland. Wilko had then held rescue talks with Gordon Brothers, Alteri and Opcapita But Wilko has now collapsed into administration, putting 12,000 jobs at risk |
[About 12,000 jobs across 400 stores
are now at risk as struggling discount retailer Wilko is put into administration. Aberdare Abergavenny Accrington Acocks Green Acton Aldershot Alfreton Alnwick Altrincham Ammanford Andover Arnold Ashford Ashington Ashton-Under-Lyne Aylesbury Ayr Banbury Barking Barnsley (3 stores) Barnstaple Barrow In Furness Barry Basildon Basingstoke Bedford (2) Bedminster Belper Beverley Bexleyheath Bicester Biggleswade Birkenhead Birmingham (3) Bishop Auckland Bishops Stortford Blackburn Blackpool Blackwood Bletchley Blyth Bognor Regis Bolton (2) Bordon Boston Bournemouth (2) Bradford Brentwood Bridgend Bridgwater Brigg Brighouse Bristol (3) Bromley Brownhills Burgess Hill Burnley Burton Upon Trent Bury Bury St Edmunds Camberley Cambridge Canterbury Cardiff (3) Carlisle Carmarthen Castle Douglas Chatham Chelmsford Cheltenham Chepstow Chester Chester Le Street Chesterfield Chippenham Clacton On Sea Cleethorpes Cleveleys Clowne Clydebank Coalville Cockermouth Colchester Corby Coventry (2) Cowley Cramlington Crawley Crewe Cwmbran Dagenham Darlington Dartford Denton Derby (3) Dereham Devizes Dewsbury Didcot Doncaster (2) Driffield Droitwich Dudley Dunstable Durham East Ham Eastbourne (2) Eccles Edinburgh Ellesmere Port Ely Epsom Exeter Falkirk Falmouth Fareham Farnborough Ferndown Folkestone Gainsborough Gateshead (2) Gillingham Gloucester Gravesend Grays (2) Great Malvern Great Yarmouth (2) Greenock Greenwich Grimsby (2) Halesowen Halifax Hamilton Hanley Harlow Harrow Hartlepool Havant Haverfordwest Hayes Hemel Hempstead Hereford High Wycombe Hinckley Hitchin Holyhead Horsham Hounslow Hucknall Huddersfield Hull (2) Huntingdon Huyton Ilford Ilkeston Ipswich Irvine Jarrow Kenilworth Kent (2) Kettering Kidderminster Kings Lynn Kingston Upon Thames Kingston Upon Hull Kingswood Knowle Lancaster Leamington Spa Leeds (7) Leek Leicester (5) Leigh Leighton Buzzard Letchworth Lewisham Lichfield Lincoln Liverpool (3) Livingston Llandudno Llanelli London (9) Long Eaton Loughborough Louth Lowestoft Luton Maidenhead Maidstone Manchester (4) Mansfield Market Drayton Market Harborough Matlock Melton Mowbray Merthyr Tydfil Middlesbrough Middlesex Mildenhall Milton Keynes Morriston Motherwell Neath Nelson Newark Newbury Newcastle Newcastle Under Lyme Newcastle Upon Tyne (3) Newport Newton Abbot Newton Aycliffe Newton-Le-Willows North Shields Northallerton Northampton (3) Northfield Norwich Nottingham (9) Nuneaton Oakham Orpington Oswestry Pembroke Dock Penge Perry Barr Peterborough (2) Peterlee Plymouth Pontefract Pontypool Poole Port Talbot Porthmadog Portsmouth Preston (2) Pwllheli Rainham Ramsgate Reading Redcar Redditch Redhill Redruth Retford Rhyl Ripley Romford Rotherham Rowley Regis Royal Kingston Upon Thames Rugby Rugeley Runcorn Rushden Sale Salford Scarborough Scunthorpe Seaham Selby Sheffield (6) Shipley Shirley Shrewsbury Sittingbourne Skegness Skelmersdale Slough Solihull South Shields Southampton Southend On Sea Southport Spalding St Albans St Austell St Helens Stafford Stamford Stevenage Stockport Stockton On Tees Stoke-On-Trent Stourbridge Stratford Strood Stroud Sunderland Sutton Sutton-In-Ashfield Swanley Swansea Swindon (2) Tamworth (2) Taunton Telford (2) Thetford Tipton Torquay Trowbridge Truro Uttoxeter Uxbridge Wakefield (2) Wallasey Walsall (2) Walthamstow Walton On Thames Warrington Washington Waterlooville Watford Wellingborough Wembley West Drayton West Ealing Weston-Super-Mare Weymouth Whitehaven Widnes Wigan Wimbledon Winsford Woking Wolverhampton Wood Green Woolwich Worcester Workington Worksop (2) Worthing Wrexham Wythenshawe Yeovil York] https://www.dailymail.co.uk/news/art...no-choice.html |
Wilko to stay open for now in race to save jobs
[Wilko, the High Street homeware retailer, has collapsed into administration after failing to secure a rescue deal. The chain has so far been unable to find enough emergency investment to save its 400 shops and 12,500 workers. The stores will stay open for now, without any immediate job losses, and staff will continue to be paid. PwC has been appointed as administrator and will continue to look for a buyer for all or part of the group. Jane Steer of PwC said that Thursday's announcement is "an unsettling development for everyone involved with the business - particularly its committed team members - and the communities it serves across the region".] https://www.bbc.co.uk/news/uk-66460059 Makes a change, workers will get paid - for now |
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A Bid that went forward
has now failed. SkyNewsHD Business Editor |
Canada businessman Doug Putman
that owns HMV UK now https://en.wikipedia.org/wiki/Doug_Putman Aged 39 Is now looking to some buy some of the stores. [The owner of HMV is finalising a deal to rescue the majority of Wilko's operations, salvaging more than 8,000 jobs at the stricken high street retailer.] https://news.sky.com/story/hmv-owner...wilko-12951512 |
From the few i've been in they're not very well run and maintained, if they do get bailed out a huge shake up is needed imo. Im no snob but Wilko is seen as quite tacky around here. B&M are much better.
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Yes it has been going down hill. This 39 Year Old CEO has changed the HMV UK stores well kept some open. He sells music books and Japan imports toys and candy And a 4K Blu-ray Disc Section LP's and CD's Blu-ray and DVD and cassette tapes He may improve Wilko stores that he is saving at least he is young. |
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Also Poundland
may buy a few stores |
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Maybe they will offer to pay a pound for each store :) Sent from my iPhone using Tapatalk Pro |
the companies interested only want the real estate. It's not a viable business
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I personally hope it survives as I believe that every industry needs competition and an alternative choice to the mainstream number 1 in whatever industry we're talking about. |
B&M Discount store ,has just bought
51 of Wilco stores Meanwhile Wilco is to close the warehouse staff down. They can not longer pay them. Also, the Supply Chains that supply Wilco need money up front, first The Canada HMV fella is still looking at buying some. He has his own Supply Chains Ref: Business Reporter Joe Hills ITV1HD Lunch News |
Wilco announce 1,332 Job Loses
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