Parallels were drawn with Woolworths
We often read about the crisis facing Britain's high streets but to actually see evidence of it yourself, you could do worse than walk around Worksop's Priory Centre. The shopping precinct section of the Bassetlaw town has a history stretching back decades, having recently been home to big-name brands including M&S, Peacocks and Pandora.
Ultimately, it seems Wilko is simply more vulnerable to these existential problems than many of its rivals. Some commentators have already called Wilko the Woolworths of the present economic crisis, and there are indeed several parallels. Up against such challenges, the warning signs have been coming thick and fast over the last few years. It posted a loss of £36.8 million in the year to January 2022, with new CEO Mark Jackson being brought in last December as refinancing talks continued.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'I went to Wilko and found bargains galore but left feeling worried for my town'Shoppers have also voiced their concern for the future of the high street
Weiterlesen »
Wilko: Shoppers give their view on the troubled store chainShoppers in Leicester, where Wilko was founded, speak of their fears - and hopes - for the firm.
Weiterlesen »
High street stores make ‘wonderful gesture’ to heartbroken Wilko staffWilko has collapsed into administration putting over 12,000 jobs at risk
Weiterlesen »
Wilko: Shoppers give their view on the troubled store chainShoppers in Leicester, where Worksop-based Wilko was founded, speak of their fears - and hopes - for the firm
Weiterlesen »
Wilko falls into administration with 12,500 jobs at riskThe budget retailer, which has more than 400 stores across the UK, told staff it has hired administrators from PwC.
Weiterlesen »
Full list of Shropshire Wilko stores as budget retailer collapses into administrationWilko's collapse into administration has put 12,000 jobs at risk, with stores across the UK now facing potential closure.
Weiterlesen »