Wilko: Union calls for former boss to face MPs over £56m pension pot hole September 20, 2023 The union representing Wilko workers called for Lisa Wilkinson to answer questions about a £53m hole in its pension pot.
Wilko ‘ran out of cash’. Former boss apologies to staff over collapse of chain November 28, 2023 The former boss of Wilko, Lisa Wilkinson, was pushed to offer an apology to the staff of the now-collapsed high street chain and admitted that she let her employees down.
Wilko: High street chain collapsed owing £400m to creditors September 15, 2023 Wilko collapsed with a well over £400m gap in its finances, according to documents published on Companies House, including £157.3m owed to trade creditors. The reports, first published by The Grocer, show that the high street chain owed £411m to unsecured creditors, and a further £25.8m was owed to HMRC. Some of the creditors included [...]
Profit slides at Poundland owner Pepco amid pandemic June 23, 2020 Pepco Group suffered a more than 16 per cent slide in profit in the first half of its 2020 financial year, damaged by a lack of sales during the coronavirus pandemic. The owner of Poundland reported an income of €89m (£80m) in the six months to March, having posted €116m in profit up until February. [...]
High street struggles: 2,000 local stores, pubs and hairdressers wiped away this year September 21, 2023 Nearly 2,000 independent local stores were left vacant in the first half of this year, as the cost of living crisis continues to eat away at the health of the high street and small businesses. Some 1,915 independent businesses on high streets, retail parks and shopping centres closed in the first leg of this year, marking [...]
Pepco CEO to step down this year due to health reasons January 5, 2022 Poundland owner Pepco has announced its chief executive officer Andy Bond will step down later this year due to health reasons. Pepco Group, which owns discount retailer brands including PEPCO, Poundland and Dealz, said Bond will step down at the end of March. He is expected to stay on the board as an advisor until [...]
Spam sales up nearly 40 per cent at Waitrose as price hikes bite October 20, 2022 BRITAIN’S DISCOUNT retailers are set for a winter windfall – with even Waitrose shoppers turning to spam and fish heads as the cost of living crisis bites. The sales of both have risen more than a third at the high-end supermarket over the past year, the firm confirmed overnight. Analysts reckon budget grocers like Aldi [...]
Which retailers went bust in 2023? December 30, 2023 City A.M takes a look at the biggest retailers which went bust this year — leaving a gaping hole in our high streets and our hearts.
British high street is not dead, minister insists after Wilko collapse September 14, 2023 The British high street is not dead but merely changing, ministers have insisted, after Labour accused the government of “giving up” on retail following the collapse of Wilko. Business minister Kevin Hollinrake insisted high street shopping is “reshaping itself”, as homeware shop the Range confirmed it will buy Wilko’s brand, website and intellectual property after [...]
Wilko may look like Woolies 2.0, but a new buyer should save it from collapse August 11, 2023 Wilco’s collapse into administration put tens of thousands of jobs at risk, but the high street staple should have a future if a buyer sees beyond the hysteria, writes George MacDonald.