Wilko to close all stores as historic retailer collapses
Wilko, the hardware and furnishings retailer, will shut its final 111 stores in early October as part of the final phase of closures, after falling into administration due to weak consumer spending and debts to suppliers. The Wilko brand will not disappear entirely from the UK high street as The Range has agreed to buy Wilko's brand, website, and intellectual property. However, all of Wilko's premises will close, resulting in the loss of around 12,500 jobs.