Two more retail companies look doomed

[grant1977]

I live where the head office and distribution centre are based. Will have a massive impact on a town that is already dying on its feet if this happens. Hundreds of jobs will go in the town.

 

[JASR]

Sad news.

I imagine having too many stores in low footfall areas combined with high rent was a key factor. I personally don't think they did much wrong with most stores looking modern and offered "order online, collect in store". High streets are just dead.

Cost of raw materials and production are through the roof in China, so would have been tough to keep prices down whilst maintaining a healthy margin.

Speaking as Sale resident, it was one of the few remaining non charity/food/drink places left in the revitalized Shopping arcade. I hadn't been in since... pre-covid... and a lot has changed around it since then - the revitalisation, the difference in shop usage. The Sale square is essentially now just charity/food/drink when Wilko goes.

Though Boots is hanging on... They'll probably be the next big one to go.

 

[metalblue]

Mate of mine went to the Trafford Centre recently. Dead

Never realised it was so dangerous

 

[metalblue]

Wiko on the brink of collapse. Administrators brought in.

400 shops and 12,000 staff at risk

They were looking to raise cash just before Christmas. Anyone doing that before their busiest time is in trouble.

 

[blueinsa]

Our local Wilko has been great but the last few months has seen shelves increasingly empty and it’s been clear they have struggled badly.

Feel for the staff.

 

[tweety]

Once the older generation have gone the high street will follow. Always found it a useful shop but they're a jack of all trades and all the supermarkets sell similar, can't see how they'll survive.
On the subject of temu it's Chinese counterfeit shite, I can't believe how they are allowed to operate in this country, it's wrong. Also it has been reported by some people that their payment system isn't safe and extra money has been taken at later dates.

 

[Blue Mist]

Fortunately McFisheries are still with us.

I love Radio Rentals. They haven't put my standing order up in 20 years.

 

[urban genie]

Apps like TEMU having an effect..Chinese company I believe. 1 of many

I would say you can go down rhe road to a B&M or Home Bargains and get what Wilko offer cheaper than a sudden rise in Temu and the like, there is 4 B&Ms ls within a mile or two of the one Wilkos near me and all are pretty busy when I go in.

I admit I have not been to wilkos (which was the go to place for ods n sods) since before covid, but visit the other two mentioned on a regular basis and get what wilkos offered cheaper, plus other stuff like ale and food

 

[jazzy]

Once the older generation have gone the high street will follow. Always found it a useful shop but they're a jack of all trades and all the supermarkets sell similar, can't see how they'll survive.
On the subject of temu it's Chinese counterfeit shite, I can't believe how they are allowed to operate in this country, it's wrong. Also it has been reported by some people that their payment system isn't safe and extra money has been taken at later dates.

They have been battered by the discounters like B&M for trade

 

[Tuearts right boot]

I love Radio Rentals. They haven't put my standing order up in 20 years.

I'm more of a Redifusion man myself.