[arista]

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

[MTVN]

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

[LeatherTrumpet]

I have never been in one

[Swan]

Originally Posted by MTVN

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

Yeah B&M is much better tbh.

[arista]

[Mystic Mock]

Hopefully they'll find a way to save their business.

[arista]

Originally Posted by Mystic Mock

Hopefully they'll find a way to save their business.

Sadly not

Admin now going in.


SkyNewsHD Business reporter
said Wilco did not match Poundland
in low prices

[Denver]

Their prices are crazy

[arista]

[The branch of Wilko in Didcot where the
majority of shelves were almost empty
of stock since the troubles were first announced]

[arista]

Originally Posted by Denver

Their prices are crazy

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

[arista]

[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

[arista]

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

[arista]

[arista]

[arista]

A Bid that went forward
has now failed.




SkyNewsHD Business Editor

[arista]

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

[Swan]

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.

[arista]

Originally Posted by Swan

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.

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.

[Zizu]

Sent from my iPhone using Tapatalk Pro

[arista]

Also Poundland
may buy a few stores

[Zizu]

Originally Posted by arista

Also Poundland
may buy a few stores

Maybe they will offer to pay a pound for each store


Sent from my iPhone using Tapatalk Pro

[bitontheslide]

the companies interested only want the real estate. It's not a viable business

[Mystic Mock]

Originally Posted by arista

Sadly not

Admin now going in.


SkyNewsHD Business reporter
said Wilco did not match Poundland
in low prices

From what I'm hearing off people on Social Media it seems like the future of Wilko is very uncertain.

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.

[arista]

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

[arista]

Wilco announce 1,332 Job Loses


SkyNewsHD Live