Wilko to close remaining stores on October 8
Wilko will close the rest of its stores on October 8 following the collapse of the High Street chain.
The retailer fell into receivership last month after coming under pressure from weak consumer spending and debts to suppliers.
The 400 stores close with the loss of up to 12,500 jobs.
Writing on the wall: PwC administrators announced that the final 111 stores will close on Sunday, October 8
PwC administrators announced yesterday that the last 111 stores will close on Sunday 8 October. While attempts to find a buyer failed, they sold parts of the business to rival budget retailers, raising hopes that some jobs will be saved.
Poundland bought 71 branches and B&M took over 51 sites, but the properties will be renamed and former Wilko staff will not be guaranteed a job once they reopen.
The Range paid £5m for the Wilko brand, meaning it owns the website and could stock its products, saving 36 jobs.
The owners are under pressure to plug a £56m hole in the pension scheme, after receiving £77m in dividends over a decade.