Wilko, the popular retailer, has announced that it will be closing an additional 85 stores this week. This decision comes after the company fell into administration last month.
Complete Closure by October
All 400 Wilko locations will be shutting their doors for good by early October. So far, a total of 90 stores have already disappeared from the high street.
The Range and Poundland Step In
The Range has acquired Wilko's brand, website, and intellectual property, however, it will not be taking over the physical stores. Instead, The Range will sell Wilko products in-store. Poundland has also made a deal to purchase 71 shops from Wilko and has plans to rebrand them in time for Christmas trading.
B&M Bargains Takes Over 51 Stores
B&M Bargains successfully bought 51 Wilko stores for £13 million. After the purchase, these stores will be reopened under the B&M name.
Shoppers Share Their Sadness
Local shoppers have expressed their sadness over the closure of their beloved Wilko stores. Many took to social media to reminisce about their experiences and the helpful staff.
Discounts and Store Closures
Wilko has launched an "everything must go sale," offering discounts between 20% and 50%. It is advised for customers to act quickly to take advantage of these discounts, as stock availability may vary. A list of the stores set to close this week has also been provided.
Open Letter from CEO
In a heartfelt open letter, Wilko's CEO, Mark Jackson, thanked the staff and loyal customers for their support over the 90-year history of the company on the British high street.
Experts Analyze Wilko's Downfall
Retail experts have shared their insights into what caused the downfall of Wilko, shedding light on the factors that led to the store closures this week.
Tuesday, September 19:
– Clifton Nottingham
– East Ham
– Great Bridge
– Hessle Road – Hull
– Leighton Buzzard
– Long Eaton
– Newton Abbot
Thursday, September 21:
– Clacton on Sea
– Edmonton Green
– Fort Kinnaird
– Newton Aycliffe
– Parc Trostre Llanelli
– Tamworth Retail Park
– Walton on Thames
– Wheatley Retail Park
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