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BBCNEWS BBC News June 4, 2024 09:49:00

Lets ta ke lets take you back to one of our big stories that has broken this morning regarding wilco, one of the uk s biggest discount retailers. you will know it from the high street. we have learned this morning it has gone into administration putting at risk some 12,000 jobs. let s go to our business correspondent peter ruddock to bring us up to date on the latest. in ruddock to bring us up-to-date on the latest. ., , ., , the latest. in the last few moments we have learned the latest. in the last few moments we have learned that the latest. in the last few moments we have learned that wilco, - we have learned that wilco, wilkinson s founded in 1930 in leicester, one store but now covers around 400 stores across the country, has gone into administration. we knew they were in trouble, a few days ago they said they had given themselves some time to find a buyer and sought a rescue deal but today the ceo of the company has written to 12,000 employees are essentially saying we have ....

Discount Retailers , Peter Ruddock , High Street , Let S Go , Rescue Deal , Of Wilko ,

BBCNEWS BBC News June 4, 2024 10:12:00

One of the most well known brands on the high street up and down the uk but also for those 12,000 employees whose jobs and careers rely on such a well known brand. do you have any sense as to why this has happened? what was it about wilko that has made it unable to avoid administration? with company collapses, there is almost always several things going on. wilko has filled a gap that woolworths created when it went bust that one stop shop from pick and mix to homeware to diy. but the offer has been superseded by companies that essentially do similar or the same things but at a cheaper cost. also, a lot of the wilkinson is stores where large units on the high street with plenty of people now stopping at retail parks. and there ....

High Street , Retail Parks ,

BBCNEWS BBC News June 4, 2024 09:51:00

Created, when woolworths went bust in 2008, that one stop shop for everything from pick and mix, homeware and diy. the reality is that over the last few years that offer has been superseded by companies that do the same things at a cheaper cost. a lot of the wilkinson stores were quite large units on the high street. plenty of people if they shop for diy and home ware go to retail parks now. and there have been the similar problems that high street retailers have suffered in recent months, high interest rates, high costs, paying their suppliers, as well as low consumer confidence on the high street. a worrying time for 12,000 employees but also anyone on the high street that has perhaps seen units close and doesn t want to see wilko go. units close and doesn t want to see wilko no. . ., units close and doesn t want to see wilko no. . ~ ,, units close and doesn t want to see wilko no. . ~ i. ., units close and doesn t want to see wilko no. . ~ ,, ., ., wilko go. thank you for that. wo ....

High Street , Home Ware Go To Retail Parks , Interest Rates , Consumer Confidence , Wilko Go , Doesn T , Wilko No ,