Full listing of 71 Wilko shops quickly to be taken over by Poundland

Sep 14, 2023 at 5:48 AM

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.”