Wilko
This coverage explores Wilko’s business activities and challenges within the UK retail sector, focusing on store operations, financial performance, restructuring efforts, leadership decisions, and strategic direction. Reporting provides insight into how Wilko navigates competitive pressures, consumer demand, and market changes — offering valuable context for executives, managers, and professionals overseeing operations in general merchandise and value retail.
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Nov- 2022 -29 NovemberHigh Street
Wilko MD steps down amid refinancing talks
Wilko has announced that its managing director Alison Hands is stepping down from her role, as she is set to take up a new role as CEO of Lincolnshire Co-op next year. It comes as The Grocer has reported that the high street retailer is in emergency talks with lenders…
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21 NovemberHigh Street
Wilko in talks for £30m lifeline
Wilko is in talks to secure a £30m cash injection as cost pressures intensify in the run-up to Christmas, according to the Sunday Times. The news comes as the chain retailer was unable to agree to an extension of its revolving credit facility due to interest rate hikes. It employs…
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Oct- 2022 -31 OctoberHigh Street
Wilko increases staff pay to £10
Wilko has announced it has increased its entry level hourly rate to £10 – 50p above the national living wage. The pay increase comes after a successful national ballot of team members undertaken by the GMB trade union. The retailer said it is committed to an additional market forces temporary…
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20 OctoberHigh Street
Wilko calls in advisers amid cost-cutting measures
Wilko has reportedly drafted in Teneo as advisors as the retailer seeks to cut costs across the business amid the cost-of-living crisis, according to Retail Week. Wilko is reportedly mulling potential cost-cutting and restructuring options as it seeks to shore up its balance sheet. Rising inflation, shipment delays and store…
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Sep- 2022 -27 SeptemberEconomy
Boohoo and Wilko cancel orders with suppliers amid slow sales
Boohoo has been cancelling and deferring orders from suppliers and Wilko has deferred payments to suppliers to protect its squeezed cash flow, according to The Times. It comes as Boohoo has faced a sharp slowdown in demand. Clothing suppliers in Leicester, who are under pressure themselves from soaring energy…
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12 SeptemberHigh Street
Wilko restructures rent payments ahead of Christmas
The discount retailer, Wilko, is reportedly making changes to its rent payment schedule, according to The Sunday Times, as the brand looks to “conserve cash” in the run-up to Christmas. The news comes as retailers are experiencing unprecedented cost pressures, with Wilko citing supply-chain volatility and inflation as major concerns.…
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Apr- 2022 -26 AprilPeople Moves
Wilko welcomes new retail director
Wilko has announced the appointment of Amanda Jones as its new retail director, with Jones set to assume the role this coming July. She joins the group’s leadership team from Post Office Ltd, where she is currently Retail and Franchise Network director. According to the group, she will bring “strong”…
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Jan- 2022 -11 JanuaryNews
Wilko set to close up to 15 stores this year
Wilko is undertaking a complete review of its store portfolio and has announced proposals to close up to 15 stores before January 2023 as leases end and where “favourable” terms cannot be agreed. It said this does not impact the retailer’s new store or store relocation programme which will continue…
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May- 2021 -25 MayDepartment Stores
Wilko FY21 sales plummet £107m to £1.36bn
Wilkinson Hardware Stores (Wilko) saw its total sales drop 7.3% and £107.2m year-on-year from £1.47bn in FY20 to £1.36bn in FY21. Despite the fall in total sales, the homewares and household goods retailer’s EBITDA held steady for the 12 months ended 30 January 2021, declining from £48.5m to £48.3m. The…
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Mar- 2021 -18 MarchHigh Street
Wilko key workers prepare to strike amid sick pay cuts
Wilko key workers who are part of GMB union have announced they are preparing to strike after having their sick pay entitlement cut. A consultative ballot undertaken by the union saw 88% of Wilko workers vote that they were ready to take action up to and including strike action following…
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