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Retail & Consumer

Wilko confirms plans for 15 store closures - full list as landlord negotiations continue

Legacy locations and 'outdated lease agreements' flagged by chief executive

Wilko at The Fort, Birmingham.(Image: Graham Young / BirminghamLive)

Home and garden retailer Wilko has proposed the closure of up to 15 stores this year, threatening more than 330 jobs with a union branding it another “nail in the high street’s coffin”.

Negotiations with landlords could save some, but dates as early as next month have been given for many.

The Nottinghamshire-headquartered company said it follows a review of the 414-strong portfolio, and does not impact on new store or store relocation programmes.

Read more: Nisa CEO Ken Towle to lead Asda's supermarket network after Derek Lawler departure

It said that as an established business with more than 90 years trading, it has many ‘legacy’ locations and has identified some outdated lease agreements.

Jerome Saint-Marc, Wilko chief executive, said: “Our history is steeped in serving our customers and communities going back to 1930 but there’s no denying the way people shop with us and where they want to shop with us is changing.

"As a business we’re evolving and this includes working with landlords for more favourable terms, as well as looking at locations and store formats. We’ll continue to pull together to make our business better to secure the future of over 16,000 team members”.

Stores earmarked for February closure are Shipley, Stockton, Bournemouth and The Fort, Birmingham.