Wilko news and archive

Burberry, John Lewis and Farfetch: Top 11 UK stories for 2023

This year has been another turbulent period for the UK fashion market, yet while the cost-of-living crisis continues to grip consumer spending, the industry itself has been a dynamic one. Large-scale acquisitions, fierce competition and a crackdown on malpractice has kept big players on their toes, and has brought to question the needs and...

Business

Wilko’s new owner relaunches e-commerce site

British budget retailer Wilko has relaunched its own website weeks after it was bought out of administration by retail group The Range in a five million pound deal. The move ensures that Wilko’s name can recommence trading, and continue offering its wide selection of health and beauty products, alongside homeware, decorating and other household...

Retail

Fashion retailers eye former Wilko stores following several closures

A number of major British fashion retailers are believed to be circling retail locations that once housed Wilko stores after the beauty and homeware retailer began carrying out a series of closures over the past month. Frasers Group, Primark and TK Maxx are reportedly among those mulling the move, according to Drapers, each of which are said to...

Business

‘Majority’ of Wilko stores to shutter in coming weeks

Budget UK retailer Wilko is set to close the “majority” of its stores within the coming weeks after it failed to find a buyer for the chain. The move was reported to the GMB Union, which had been informed that there was “no longer any prospect that the majority of the business will be saved”. Redundancies for staff, both in store and at call...

Business

Wilko to file for administration after failing to find funding

UK homeware and beauty retailer Wilko has filed a notice of intention to appoint administrators after it failed to find funding or secure a sale of the business. The privately-owned budget chain said that it had issued the notice with the High Court, a move that could potentially put 12,000 jobs and 400 stores at risk. The decision now provides...