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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Sep- 2023 -12 SeptemberHigh Street
Poundland acquires up to 71 Wilko stores
Poundland owner Pepco Group has announced today (12 September 2023) that it has agreed with PwC to take control of up to 71 Wilko store leases. Lease assignments are expected to be completed in early Autumn, enabling these stores to join Poundland’s existing 800-plus UK estate and trade through the…
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12 SeptemberHigh Street
Wilko to close all remaining stores, 12,500 jobs at risk
Collapsed retail chain Wilko will close all of its 400 stores by early October after a rescue bid failed to materialise, placing 12,500 jobs at risk. Administrators PwC said it informed all staff that they will sadly commence the closure of all wilko stores, the two distribution centres and the…
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12 SeptemberSupermarkets
Grocery price inflation drops to 12.2%
Grocery price inflation has dropped to its lowest level in over 12 months at 12.2% for the four weeks to 3 September 2023, according to the latest data from Kantar. Take-home sales from the grocers rose by 7.4% compared with the same period in 2022, a slight increase on the…
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11 SeptemberHigh Street
HMV owner fails with Wilko rescue deal
A rescue deal for collapsed high street retailer Wilko which could have saved thousands of jobs has failed after HMV owner Doug Putman pulled out of the deal due to rising costs. Putman had reportedly planned to keep up to 300 stores, however it is thought that the deal was…
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5 SeptemberHigh Street
Wilko to axe 1,300 jobs and close 52 stores
Wilko is set to close 52 stores and make 1,300 redundancies across the business as rescue talks for the retailer continue, its administrator confirmed today. Earlier today, PwC confirmed that it has agreed to provide B&M with the option to acquire up to 51 properties, after the administration trading period…
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5 SeptemberHigh Street
B&M eyes Wilko deal as Putman offer falters
B&M could reportedly be in line to acquire a number of Wilko stores after rescue talks with HMV owner Doug Putman hit difficulties this week. According to Sky News, B&M could acquire around 50 Wilko shops, with industry sources adding that Wilko’s administrators could soon announce the first round of…
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4 SeptemberHigh Street
EY under fire over Wilko accounts oversight
EY, the auditor of Wilko, has reportedly come under fire for signing off the retailer’s accounts despite the firm warning that it did not have enough funds to cope with a sharp drop in sales. According to reports from This is Money, Wilko has been at risk of insolvency since…
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4 SeptemberHigh Street
HMV owner secures creditor backing for Wilko rescue deal
Administrators to Wilko have reportedly secured the backing of creditors for a rescue deal led by HMV owner Doug Putman in a move that could save around 8,000 jobs. According to The Sunday Times, PwC is understood to have secured support from the Pension Protection Fund as well as other…
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1 SeptemberSupermarkets
Lidl unveils further pay increase for staff
From today, 24,500 Lidl GB employees will receive one of the highest hourly wages in the sector, receiving up to 16% more than their counterparts in traditional supermarkets, the discounter has said. Store and warehouse employees working outside the M25 will see hourly pay increase to £11.40 from £11.00, rising…
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Aug- 2023 -31 AugustHigh Street
Wilko redundancies to begin as rescue talks collapse
Hundreds of redundancies are set to begin at Wilko after last-minute rescue talks with potential buyers fell through, its administrator has confirmed. In a statement released today (31 August), PwC confirmed that 269 support centre employees will now be made redundant, effective from close of business on Monday (4 September),…
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