Full listing of 71 Wilko shops quickly to be taken over by Poundland
Poundland is because of take over the leases of as much as 71 Wilko shops in early autumn, and the places have now been introduced.
The Pepco Group, which owns Poundland, have mentioned that Wilko employees would have precedence when making use of for brand spanking new jobs on the outlets.
Wilko fell into administration in August and began closing outlets down on Tuesday following a failed rescue deal from the proprietor of HMV.
Fellow cut price retailer B&M has additionally signed a £13million deal to purchase as much as 51 Wilko shops, that are more likely to be rebranded. However, these places are but to be introduced.
Barry Williams, managing director of Poundland, mentioned: “In the coming weeks, we will work quickly with landlords so we can open these stores as Poundlands with the new ranges that have been pivotal to our recent development.
“Once that course of is full, we are going to guarantee a major variety of the Wilko colleagues will be a part of our Poundland group. We understand how valued Wilko colleagues have been in scores of communities throughout the UK and we sit up for providing them alternatives to affix our household.”
The full list of 71 Wilkos locations to become Poundland stores includes:
- Aberdare, Wales
- Alfreton, Derbyshire
- Alnwick, Northumberland
- Altrincham, Greater Manchester
- Ammanford, Carmarthenshire
- Ashby, North Lincolnshire
- Barking, London
- Bedminster, Somerset
- Beeston, Nottinghamshire
- Bicester, Oxfordshire
- Bishop Stortford, Hertfordshire
- Bletchley, Milton Keynes
- Bolton, Greater Manchester
- Brentwood, Essex
- Brigg, North Lincolnshire
- Cambridge, Cambridgeshire
- Chepstow, Wales
- Coalville, Leicestershire
- Cramlington, Northumberland
- Droitwich, Worcestershire
- Eccles, Greater Manchester
- Edmonton Green, Greater London
- Ellesmere Port, Cheshire
- Ferndown, Dorset
- Gateshead, Tyne and Wear
- Grays, Essex
- Greenock, Inverclyde
- Grimsby, North Lincolnshire
- Havant, Hampshire
- Hayes, Middlesex
- Headingley, West Yorkshire
- Hessle Road – Hull, East Yorkshire
- Hillsborough, Sheffield, South Yorkshire
- Hitchin, Hertfordshire
- Jarrow, South Tyneside
- Killingworth, North Tyneside
- Kimberley, Nottingham
- Lee Circle, Leicester, East Midlands
- Leek, Staffordshire
- Leigh, Greater Manchester
- Lichfield, Staffordshire
- Maidenhead, Berkshire
- Matlock, Derbyshire
- Melton Mowbray, Leicestershire
- Nelson, Lancashire
- Northallerton, North Yorkshire
- Orton, Peterborough, Cambridgeshire
- Pembroke Dock, Pembrokeshire
- Peterlee, County Durham
- Pontefract, West Yorkshire
- Pontypool, Wales
- Redhill, Surrey
- Redruth, Cornwall
- Ripley, Derbyshire
- Rugeley, Staffordshire
- Sale, Greater Manchester
- Seaham, County Durham
- Selly Oak, Birmingham, West Midlands
- Shrewsbury Darwin Centre, Shropshire
- South Shields, South Tyneside
- Southport, Lancashire
- Stafford, Staffordshire
- Stamford, Lincolnshire
- Stockport, Greater Manchester
- Thornaby, North Yorkshire
- Wellington, Shropshire
- Wembley, London
- West Ealing, London
- Wombwell, South Yorkshire
- Worcester, Worcestershire
- Worksop, Nottinghamshire.
The lease assignments are expected to be finalised in early autumn and will see the stores form part of Poundland’s extensive UK network comprising over 800 locations.
Wilko fell into administration last month having failed to secure emergency funding to get through a slowdown in trading.
Wilko found itself in an intensely competitive market, contending with numerous discount competitors all experiencing significant growth and eroding its market share.
Wilko recorded a steady decline in sales in each of its last four financial years. According to Retail Gazette, revenue dropped by 18.6 percent between 2017/18 and 2021/22.
It also made a £35.9million loss in its last financial year, more than its operating profit from the previous four years.
According to a new report by Kantar, while shoppers have been “making the most” of Wilkos’ closing gross sales leaping from 1.8 % in July to 2.3 % in August, gross sales have nonetheless declined in comparison with the earlier yr with customers turning to various shops as an alternative.
Fraser McKevitt, head of retail and client perception at Kantar mentioned: “Tesco, Aldi and the bargain stores, such as Poundland, B&M and Home Bargains, have been the biggest winners of customers switching spend away from Wilko.”