Explore the details of Wilko’s financial crisis, including the closure of 52 stores and the loss of 1,016 jobs. Get the complete story on the retail giant’s struggle.
Wilko, a once-thriving high-street retail chain, is facing dire financial difficulties and supply issues, leading to the closure of 52 of its stores in the coming days. This announcement follows the company’s collapse into administration in August, which put more than 400 stores and 12,500 jobs at risk. The uncertain future of Wilko’s remaining 300 branches and thousands of jobs has left employees and communities concerned.
- Information about the closure of 52 Wilko stores, including the names of specific locations.
- The significant job losses, totaling 1,016, resulting from these store closures.
- An explanation of the financial difficulties faced by Wilko, leading to this decision.
- Details about the acquisition by B&M of up to 51 Wilko stores, potentially affecting the future of these locations.
Wilko’s Financial Crisis: Store Closures and Job Losses
Wilko has confirmed the closure of 24 stores early this week, followed by an additional 28 stores shutting their doors on Thursday. This move will result in the unfortunate loss of 1,016 jobs. Last week, the company also made 229 employees redundant at two distribution centers.
After reading the post, ‘Wilko’s Financial Crisis: 52 Store Closures and 1,016 Job Losses’, please read below for more information.
READ THIS: Unlock Savings Galore: Asda’s Spin the Wheel Game Presents Bonuses of Up to £100
Uncertain Future
The future of Wilko’s remaining 300 branches and the fate of thousands of jobs remain uncertain. Despite filing a notice of intention to appoint administrators last month, the company failed to find a buyer. While the management expressed gratitude for staff support, they face the challenging task of helping those impacted by the decision.
B&M Acquisition
In a recent development, B&M announced its acquisition of up to 51 Wilko stores in a deal worth £13 million. However, the specific Wilko shops purchased and the fate of existing jobs have not been confirmed. It is likely that these stores will be rebranded as B&M, signaling the potential disappearance of the Wilko name from these locations.
List of Wilko Stores Closing
The following is a list of Wilko stores set to close:
Wilko stores closing on Tuesday:
- Acton
- Aldershot
- Barking
- Bishop Auckland
- Bletchley FF
- Brownhills
- Camberley
- Cardiff Bay Retail Park
- Falmouth
- Harpurhey
- Irvine
- Liverpool Edge Lane
- Llandudno
- Lowestoft
- Morley
- Nelson
- Port Talbot
- Putney
- Stafford
- Tunbridge Wells
- Wakefield
- Weston-super-Mare
- Westwood Cross
- Winsford
Wilko stores closing on Thursday:
- Ashford
- Avonmeads
- Banbury
- Barrow in Furness
- Basildon
- Belle Vale
- Burnley (Relocation)
- Clydebank
- Cortonwood
- Dagenham
- Dewsbury
- Eccles
- Folkestone
- Great Yarmouth
- Hammersmith
- Huddersfield
- Morriston
- New Malden
- North Shields
- Queen Street Cardiff
- Rhyl
- Southampton-West Quay
- St Austell
- Stockport
- Truro
- Uttoxeter
- Walsall
- Woking
If you are getting interest to read the post, ‘Wilko’s Financial Crisis: 52 Store Closures and 1,016 Job Losses,’ then please share it and don’t forget to click on the notification button.
READ THIS: Primark’s Diverse Growth Strategy: Fresh Store, Renovations, Moves, and Beyond