Wilko will shut remaining stores on October 8
Wilko will close the other stores on October 8
Wilko will close the remaining stores on October 8 following the bankruptcy of the High Street chain.
The retailer ran into trouble last month after it came under pressure from weak consumer spending and supplier debt.
All 400 stores will close, resulting in the loss of up to 12,500 jobs.
The writing is on the wall: PwC administrators have announced that the last 111 stores will close on Sunday, October 8
Directors at PwC announced yesterday that the last 111 stores will close on Sunday, October 8.
Although attempts to find a buyer failed, they have sold parts of the business to rival budget retailers, raising hopes that jobs will be saved.
Poundland bought 71 branches and B&M took over 51 locations, but the properties will be rebranded and former Wilko staff will not be guaranteed a job once they reopen.
The Range paid £5m for the Wilko brand – meaning it owns the website and can stock their products – saving 36 jobs.
The owners are under pressure to plug a £56 million hole in the pension scheme, after receiving £77 million in dividends over ten years.