Wilko, on the brink of collapse :(

Wilko, on the brink of collapse :(

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Legacywr

Original Poster:

12,806 posts

195 months

Thursday 3rd August 2023
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vikingaero

11,247 posts

176 months

Thursday 3rd August 2023
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I've always like Wilko but they've been in a spiral of decline. They overexpanded in adding stores on retail parks and keeping their expensive High Street stores. Then there was the rise of B&M and Home Bargains who were significantly cheaper and offered more range. When they first had money problems, manufacturers wouldn't give them credit and this led to empty shelves.

Randy Winkman

17,787 posts

196 months

Thursday 3rd August 2023
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I like them too. But the one near me in SE London has not been well stocked for some time.

Quhet

2,530 posts

153 months

Thursday 3rd August 2023
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I always used to like Wilko but I guess they've turned into a bit of a Woolworths in trying to do too much but doing none of it better than others. The rise of The Range and B&M seem to have eaten into their market and undercut them unfortunately.

dirky dirk

3,159 posts

177 months

Thursday 3rd August 2023
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big new one near me, nobody ever in it.
im surprised its not happened before

mac96

4,439 posts

150 months

Thursday 3rd August 2023
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Wilko will be loss to those who cannot easily get to out of town retail parks, at least the two I know are both in town centres and really useful, unlike say B & M who are a drive away. Will be sorry to see them go.

Spare tyre

10,362 posts

137 months

Thursday 3rd August 2023
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I find them useful and have got some good stuff in there before (a lot of their stock is tat)

For the last couple of years I’ve noticed that they don’t have enough to stock the shelves, so items have been 12 wide rather than 2, to make it look stocked

Xmas lights are not reduced and still on shelves in April

Sad times for staff

RammyMP

7,013 posts

160 months

Thursday 3rd August 2023
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Like Wilko but I don’t know how they’re going under, they don’t seem to employ many staff, only ever have one till open?

Octoposse

2,232 posts

192 months

Thursday 3rd August 2023
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Always liked them for paint - don’t know who makes their “own brand” stuff but it’s really good compared with other budget paint and varnish.

Another blow for the really nice bit of architecture that’s our town centre shopping mall - adds to the list of M&S and others who’ve moved out over the last five years or so.

Gompo

4,517 posts

265 months

Thursday 3rd August 2023
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vikingaero said:
I've always like Wilko but they've been in a spiral of decline. They overexpanded in adding stores on retail parks and keeping their expensive High Street stores. Then there was the rise of B&M and Home Bargains who were significantly cheaper and offered more range. When they first had money problems, manufacturers wouldn't give them credit and this led to empty shelves.
This is it, exactly. They seemed to take a wrong turn around 10-15 years ago, almost exactly when Home Bargains and B&M emerged. It is a shame, but of their own doing.

valiant

11,376 posts

167 months

Thursday 3rd August 2023
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Pity.

We have a store in walking distance and it’s proved to be handy but have noticed of late the bare shelves and thinking the worse was around the corner. Was in retail management yonks ago and it’s obvious looking in their stores that the business was in distress.

Always thought that following the Woolworths model of trying to do everything but doing nothing particularly well was a shaky foundation.

Feel for the staff but they should hopefully find shop work elsewhere quick enough.

menousername

2,164 posts

149 months

Thursday 3rd August 2023
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Octoposse said:
Always liked them for paint - don’t know who makes their “own brand” stuff but it’s really good compared with other budget paint and varnish.

Another blow for the really nice bit of architecture that’s our town centre shopping mall - adds to the list of M&S and others who’ve moved out over the last five years or so.
True - used them for paint, primer and also wood oils. Well priced and good quality

Main issue is that they are always high street based with the hassle and parking costs that go with it, not to mention carrying bags of paint and other heavy items down the high street back to the car.

There is always a B&M or Home Bargains on a small estate with easy and free parking. Having said that I have never tried their paint etc


anonymous-user

61 months

Thursday 3rd August 2023
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Woolworths went under in 2008, Wilko was the modern version of Woolworths. 15 years on it looks like they are going the same way.

To be honest the writing has been on the wall for a while, they have struggled to have stock on a lot of their shelves for a while now. They lost the right to sell lottery tickets at the end of 2022, I am sure the National Lottery knew what was coming.

It's strange as they were one of the few shops allowed to open during lockdown so you think that would have helped. We used to go for massive walks every day and often used to pop in there for a look around for a slice of normality.

Rarely bought anything though, I guess ultimately that was the problem.

Oliver Hardy

3,002 posts

81 months

Thursday 3rd August 2023
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Why did they change their name from Wilkinsons?

Used to have one that was just outside the city centre, but the closed it down and moved into a mall in the centre, stopped doing a lot of the DIY stuff and concentrated on household things like glasses, cookware, soft furnishings. They used to be quite cheap but the last time I been into the store was about two years ago, it wasn't cheap.

TTmonkey

20,911 posts

254 months

Thursday 3rd August 2023
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Joey Deacon said:
Woolworths went under in 2008, Wilko was the modern version of Woolworths. 15 years on it looks like they are going the same way.

To be honest the writing has been on the wall for a while, they have struggled to have stock on a lot of their shelves for a while now. They lost the right to sell lottery tickets at the end of 2022, I am sure the National Lottery knew what was coming.

It's strange as they were one of the few shops allowed to open during lockdown so you think that would have helped. We used to go for massive walks every day and often used to pop in there for a look around for a slice of normality.

Rarely bought anything though, I guess ultimately that was the problem.
I heard that they were failing to pay their suppliers during lockdown, hence why the shelves are bare as companies decided not to stock with them anymore.


I’ve noticed B&M also seem to be struggling. If the housing market slows right down and people stop moving they will suffer also.

Timothy Bucktu

15,705 posts

207 months

Thursday 3rd August 2023
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Ah man...the pick 'n' mix screws isle. I consider myself a master in cramming as many screws as possible into those little bags!

98elise

28,280 posts

168 months

Thursday 3rd August 2023
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Legacywr said:
Same here.

SpeckledJim

31,608 posts

260 months

Thursday 3rd August 2023
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RammyMP said:
Like Wilko but I don’t know how they’re going under, they don’t seem to employ many staff, only ever have one till open?
cause/effect

They only have one till open because they aren't selling anything.

TTmonkey

20,911 posts

254 months

Thursday 3rd August 2023
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Confirmed on the news that Wilco are having to pre pay suppliers for stock. I believe this is an indicator that they haven’t paid suppliers promptly in the past.

Biker 1

7,906 posts

126 months

Thursday 3rd August 2023
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One up the road from my place, usually empty of customers. The trouble is, they're located in the town centre with pay & display rip-off parking, so most punters drive another couple of miles to out of town shopping where there is Homebase, Machine Mart & various other options, all served by a massive free carpark.