Wilko will launch a new sale offering further discounts on hundreds of products in its stores today while administrators weigh up rescue bids.
The discount chain, which collapsed into administration earlier this month, is slashing the prices of products even further as part of a separate “secondary” sale, The Sun reported.
It comes on top of the administration sale, which the retailer launched in its 400 stores last week.
According to the newspaper, new signage will be going up today promoting the new discounts.
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Administrators at PwC are weighing up bids for the collapsed retailer following its deadline of Wednesday for offers to be tabled.
The administrators are considering bids that could see all or some of its stores acquired, with a decision of the chain’s future understood to be made next week.
Wilko rivals B&M, Poundland, The Range and Home Bargains are said to have been interested in submitting offers for the retailer.
The discount retailer plunged into administration last week placing 12,500 jobs in limbo after attempts to secure a last-minute deal failed.
All Wilko stores have been trading since PwC were appointed as administrators with no redundancies made as of yet.
According to the GMB Union, there are “genuine grounds for hope” that at least parts of Wilko will be taken over.
National secretary Andy Prendergast said he had met with PwC and confirmed there had been expressions of interest in the business, adding that talks with potential buyers were “still at an early stage”.
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15 Comments. Leave new
What second sale? In my local store, there wasn’t even a first sale! Also, on its website, no mention made of any sale.
Disgraceful how some people are commenting about prices not being reduced instead of being more concerned about another Retailer potentially disappearing from the Hight Street along with 12,000 jobs.
I worked for Paperchase when they went into administration and we had to close all the stores. Wilko are still in limbo so they are likely to be selling off old stock and anything that was in the summer sale where as now you will see alot more on offer but just depending on what stock each store has. When it was confirmed Paperchase was closing they made sure all stores had enough stock but they prioritised city centre stores over general highstreet or shopping centre stores.
I just hope the teams in the Wilko stores are coping alright as I’m sure they are being asked endlessly the same question “when are closing” “do you have somewhere else to go after this” “when will the mega sale start”
Working through administration is horrible and so stressful.
Best of luck to all of then at Wilko.
I went in my local one and some things had gone up. Only certain things on sale and they were not that cheap.
Any family owned retailer that continues to take out money for family relatives rather than invest in often tired shop fronts, and in modern IT systems and is often quite expensive with expensive town centre sites compared to out of town that B and M and Home Bargains prefer is going to lose business. I do hope they survive but don’t think they will survive with circa 400 shops if they do and think some will become B and M Bargains and other sites I’m thinking Canterbury which is a former C and A store and opposite Fenwick is likely to end up as a mixed use development or an upmarket store think Flannels or Frasers. I don’t think it’s the last of the big closures. Retail is evolving to a changing society and it’s changed a lot over the last years. I’m glad the government will ensure the Financial Conduct Authority can stop further bank branch closures as this is contributing to the dying town centres we are currently seeing. Banks should be within reach of all and within a reasonable distance for those who cannot or don’t want to access online.
Any family owned retailer that continues to take out money for family relatives rather than invest in often tired shop fronts, and in modern IT systems and is often quite expensive with expensive town centre sites compared to out of town that B and M and Home Bargains prefer is going to lose business. I do hope they survive but don’t think they will survive with circa 400 shops if they do and think some will become B and M Bargains and other sites I’m thinking Canterbury which is a former C and A store and opposite Fenwick is likely to end up as a mixed use development or an upmarket store think Flannels or Frasers. I don’t think it’s the last of the big closures. Retail is evolving to a changing society and it’s changed a lot over the last years. I’m glad the government will ensure the Financial Conduct Authority can stop further bank branch closures as this is contributing to the dying town centres we are currently seeing. Banks should be within reach of all and within a reasonable distance for those who cannot or don’t want to access online.
Wilko will be purchased but I think 250 to 300 stores if they are lucky.
Will be split between the discounters with B and M, and Poundland taking the lion’s share and the rest going to the landlord to be redeveloped or re-purposed. Remember, mahy of these stores are large and were either town centre supermarkets or department stores. As the latter model is dying I could see some going to Original Factory Shop in certain locations. I never shop at Wilko as too expensive for what they are but then again I don’t shop at the discounters at all. Its too much hassle to go to so many different shops just to say £2.50 on the bill especially when you live in a rural area and the retail offer is sparse and far apart.
There was no sale in my local store either just the normal only see a few garden bits on sale I hope wilkos don’t close I hate B&M homebargins
Please be kind to staff, they’ve endured the pandemic craziness when customers gave abuse to them, now this to top it all. What about showing some compassion in a very negative world?
Somebody should tell the New Malden store that not only do they have to put up the posters, they actually have to reduce the prices
You obviously didn’t buy anything then, because it’s reduced at the till! Every single item has a reduction, apart from toiletries, cleaners & food.
It’s not the stores fault! ALL decisions come from PwC because they have taken over control and management that’s how administration works. Give the staff a break please, it’s a difficult time, stressful and not knowing your future with more speculation than ever
Be aware that there are scams using WILKO logos and claiming to be selling WILKO stock at very very low prices. Don’t be taken in – only buy direct from WILKO.
I don’t know about anyone else, but when I visited my local Wilko’s for some weekly bits, I found their ‘administration sale’ to be anything but, just the usual prices throughout the store and very few obvious reductions, everything present just felt as though it would always have been there. A difficult one really actioning reductions on a store with very little stock remaining anyway.
The staff in my local Wilko are still carrying on and smiling . Being pleasant to customers and helping where and when they can. Hope they secure other positions if the store closes. Its a trying time for them and I wish them all the luck in the world