All Wilko articles – Page 5
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NewsWilko would need £70m investment from a new owner
Wilko, which is teetering on the edge of administration, would need investment of £70m from any new owner.
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Opinion‘Wilko may look like Woolies 2.0, but it could still have a future’
Wilko may be teetering on the brink of administration, but the retailer is not necessarily destined to go the same way as its general merchandise predecessor, says George MacDonald
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NewsWilko on brink of administration
Embattled retailer Wilko has filed a notice of intention to appoint administrators after failing to find investment.
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NewsWilko extends deal with home delivery provider to 2026
Wilko has extended its contract with home delivery provider GXO to June 2026.
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NewsWilko may pay no rent on some stores for three years in restructuring push
Turnaround plans being drawn up by variety store group Wilko, which may include a CVA, mean it may pay no rent on some stores for three years.
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NewsWilko considers CVA among turnaround options
Variety retailer Wilko is pondering the possibility of a CVA among a range of options as new chief executive Mark Jackson seeks to turn around the business.
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DataRanking: The fastest-growing value retailers revealed
In the cost-of-living crisis, affordable retailers have never been more relevant to price-conscious consumers, but which have been making the most of the mood of the nation? And which are set to turn market share into future growth? To find out, the Retail Week analyst team has tracked group sales across 15 of the biggest value retailers and analysed their compound annual growth rate (CAGR) to predict how much bigger they’ll be in five years’ time
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Opinion‘Retail job losses hide a happier employment story’
While Christmas was better for retail than many had first feared, the start of 2023 has been marred by a wave of job losses in the sector.
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NewsThe Original Factory Shop guarantees interviews for former Wilko and New Look staff
The Original Factory Shop has pledged to offer interviews to Wilko and New Look staff who are at risk or have been made redundant from the two stores.
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NewsWilko shuffles senior management team as new CEO plans turnaround
Wilko has unveiled a new senior leadership team as the company aims to drive strategic priorities and accelerate its turnaround after a prolonged period of hardship, which saw “difficult trading over the past two years”.
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NewsThousands of retail jobs lost in ‘brutal’ start to year
UK retailers have cut almost 15,000 jobs since the start of 2023, according to the Centre for Retail Research.
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NewsWilko to cut hundreds of jobs as it restructures to stabilise business
Wilko plans to axe more than 400 jobs as it restructures after a fall in sales and a struggle to bounce back after the pandemic.
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NewsWilko to launch click and collect across all stores
Wilko is expanding its omnichannel capability by launching a click-and-collect service for the first time across all of its UK stores.
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NewsWilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
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NewsWilko names former Bensons for Beds boss to replace departing Saint-Marc
Wilko has hired former Bensons for Beds chief executive Mark Jackson to replace Jerome Saint-Marc who is standing down from the business with immediate effect.
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NewsExclusive: Wilko starts tough year on back foot with loss
Wilko swung to a loss at the beginning of the year, as the tail end of lockdowns, supply chain disruption and plummeting consumer demand all took their toll.
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NewsWilko in talks to secure £30m emergency loan
Wilko is on the hunt for a £30m cash injection as crippling cost pressures intensify in the run-up to Christmas.
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NewsWilko sells £48m distribution centre as it battles to shore up balance sheet
Wilko has completed the sale and leaseback of one of its distribution centres as it struggles to shore up its balance sheet after a bruising trading period.
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NewsExclusive: Wilko drafts in advisers as it eyes further cost-cutting measures
Wilko has drafted in advisory experts Teneo as it seeks to cut costs across the business in the face of the cost-of-living crisis.
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NewsBoohoo cancels orders and Wilko delays payments amid tough trading conditions
Online fashion specialist Boohoo has cancelled orders and variety store group Wilko is delaying supplier payments as disrupted trading conditions take a toll.