We've been out speaking to shoppers to get their thoughts
Alarmed shoppers have said Nottinghamshire could suffer a potential 'blow' after hearing of Wilko's financial struggles. The discount retail brand announced earlier today that it had borrowed £40million from restructuring specialist Hilco.
Wilko, the fourth-largest firm in Nottinghamshire, recorded a £36.8m loss before tax over the year leading to January 2022. During lockdowns of 2020, it recorded £4.4m in profit as many households turned to DIY and it was one of the first stores allowed to open in the early months of the pandemic as it was deemed essential.
"I go in there for things around the house, things I need for my garden. This is a good-sized shop as well - it would be difficult if anything was to happen to it. "It's got to be one of our biggest stores. It's not nice to hear about - lots of businesses have obviously struggled recently, like everyone is.Total sales for Wilko dropped by £43.2m to £1.32billion, according to accounts filed at Companies House. In a statement, Wilko admitted it 'had not been performing to its full potential' and needed to make 'strategic changes'.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Shoppers flock to Wilko, Amazon and Very to buy 17L air fryer as Aldi sell outShoppers flock to Wilko, Amazon and Very to buy 17L air fryer as Aldi sell out affiliate
Læs mere »
Wilko secures £40m lifeline from high street lender HilcoSky News has learnt that the company, which last year warned that it could run out of cash, has obtained a loan from Hilco UK, the owner of Homebase and Cath Kidston
Læs mere »
Discount retailer Wilko secures fresh funding after pandemic hit\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Læs mere »
Wilko secures £40m funding as it fails to 'perform to potential'The brand has also sold its Worksop site but will not be moving
Læs mere »
Wilko pledges repairs after potholes close its Wellington store car parkA Wilko store which closed its pothole-laden car park 'to keep everyone safe' has said it will repair the site.
Læs mere »
Frustration over drivers who 'tear up and down' busy Notts streetThere was an accident on the road earlier this year
Læs mere »