Shoppers in Leicester, where Wilko was founded, speak of their fears - and hopes - for the firm.
Regarding the retailer's current problems, he said: "The news is terrible.
"It'd be nice to see them survive, but, as you see, the high street is in decline. You just don't know what's going to happen to them. Jovan Gregan has been a Wilko customer for as long as he can remember, having first visited as a child with his mother. June Alam said she was "devastated" at news of Wilko's problems, along with her daughter and her neighbours."I don't know what I'm going to do if they close. It's heartbreaking. There's all these cheap shops opening - it's putting them out of business, I think.Carl Gunns said he was hopeful of Wilko finding a buyer"I think it's very sad… A lot of my friends use this and it's a great shop, really," he said.
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