this post was submitted on 04 Aug 2023
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Selling pick 'n' mix, stationery and even garden tools: Wilko has styled itself as a budget UK homeware chain for over ninety years.

With 400 stores across the UK, is well-known for its affordable everyday items.

But the High Street stalwart has warned that it is on the brink of collapse, putting some 12,000 jobs at risk.

Alex, a communications professional who lives in Wimbledon in London, says he'd be "gutted" if Wilkos disappears altogether.

"It's where I get my pick 'n' mix before the cinema. I always find it great value, and really good on stuff like detergent," he said.

It is also seen as a one-stop-shop for Christmas paraphernalia, famed for its low-priced tinsel and wrapping paper.

The cut-price shop was founded in 1930 when JK Wilkinson opened his first store in Leicester. Then, it was called Wilkinson Cash stores and by 1939 a total of nine stores were opened.

It expanded across the Midlands initially and by the 1990s became one of Britain's fastest-growing retailers.

James, a construction professional, remembers the first Wilko store in Leeds: "My dad loved it - a brilliant location at the Arndale Centre in Headingley. It sold such a wide range of things, all in the same place."

He added: "At Christmas for example, the tinsel and wrapping paper are good value".

In 2012, Wilkinson began rebranding its stores as Wilko, after its own-brand products marketed under the Wilko name. By 2014, most stores had emblazoned the new name on storefronts.

Woolworths gap

Although the brand is beloved by Brits, Richard Lim, boss of the Retail Economics consultancy, said: "Sadly, sentiment doesn't ensure commercial success."

Stephen from Hebburn says it doesn't have everything he wants.

"We only go in for specific items. It's good for washing up powder. It's not what it was, I don't think," he said.

Wilko stepped into the High Street gap left by the collapse of Woolworths in late 2008, but has struggled over the last decade in part owing to more competition. The likes of Poundland and B&M have meant it has had to share its traditional customer base.

Wilko's sales were larger than B&M's a decade ago, but now they are one-third of its competitor's. Its sales have also fallen below Poundland, Home Bargains, and The Range.

Many commentators on social media have pointed out that B&M and Home Bargains seem to have a lot of the same or very similar stuff at notably lower prices.

Retail analyst Catherine Shuttleworth said the current cost of living crisis should have been the time for Wilko to shine. Soaring prices have meant that many shoppers are looking for a bargain, but she says its customers have been going to rivals instead.

Ms Shuttleworth added: "I don't think we'll see Wilko disappear from the High Street, because it's such a well-loved brand and shoppers hold it in high regard.

"But, it could look very different in the future."

Too many stores?

The discount chain has 408 stores across the UK, many of them in High Street locations in traditional town centres.

While these locations are convenient for shoppers without cars, since the pandemic there's been a shift to bigger retail parks and out-of-town options with more space.

But some customers feel Wilko is one of the last bastions holding on amidst a decline of the High Street.

A shopper from Kingston upon Thames told the BBC that she would be "very upset" if the town lost its Wilko store.

"I use it weekly for gardening items especially - but also toiletries and cleaning supplies.

"It's a bit like the old Woolworths and it would be a huge loss - no everyone likes online shopping," she said.

Charles Allen, retail analyst at Bloomberg Intelligence, says that the locations of Wilko stores have been a bit of a turn-off for some customers.

"B&M, for example, has thrived with a similar but perhaps slightly more relevant assortment that appeals to today's consumers.

"B&M has also moved many of its locations to retail parks which are more convenient for many consumers, especially when they are buying bulky goods."

Empty shelves

Wilko has already borrowed £40m from the restructuring specialist Hilco, cut jobs, rejigged its leadership team and sold off a distribution centre as it faced a cash squeeze after falling to a loss.

Shoppers have noticed gaps on shelves after Wilko struggled to pay suppliers and at least one credit insurer withdrew trade cover, prompting some companies to pause deliveries.

Richard Lim added: "It meant that they didn't have the cash to stump up for products... and it turns the retail business on its head."

In this instance it looks like the chain might not have had deep enough pockets to get through another tough trading period - after a pandemic and a cost of living crunch.

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[–] [email protected] 15 points 1 year ago (1 children)

What's gone wrong is the high street is on its arse.

Wilko's is one of those shops that has a bit of everything, but not really enough of it that you'd go out of your way to go there if you want something specific. If you want a bird cage, a paint roller and some pick n mix but don't really want to go to more than one shop, I guess it's ideal.

There's nothing they sell that isn't on Amazon, and even if you go you'll find the same array of cheap Chinese crap that Amazon sell, only now you've had to go into town during working hours to get it.

[–] Aux 6 points 1 year ago (1 children)

The problem with Wilko is that their prices got higher than in Tesco and Sainsbury's during the pandemic. I would go and grab detergent and some paper towels from Wilko because they were cheaper there. Now it doesn't make sense as I can buy all of that together with my groceries and pay less.

I guess they lost a lot of business during Corona and lost their momentum. Now they're irrelevant even if you remove Amazon from the equation.

[–] [email protected] 8 points 1 year ago (1 children)

I'll miss Wilko if they do disappear.

Both Wilko and Argos are fantastic for "I need this in the next hour" (assuming you live in an urban area). And their seed products are pretty good.

Wilko seems to be a bit piggy-in-the-middle right now, however.
They're not as hardcore DIY as Wickes/Toolstation.
They're not as friendly as Homebase for decoration things.
They're not as cheap as Tesco for domestic products.

Their only real USP is that they're a bit of those things, in the middle of town. And Robert Dyas is working on that, all be it at a higher price point.
They need to make things "good enough" so that people get things from Wilko, rather than making a special trip to a retail estate.

[–] [email protected] 2 points 1 year ago (1 children)

I'll be heartbroken if Argos goes the same way. It really is so useful for those sort "I need this item today at a reasonable price" items. It often competes with Amazon on prices, and I have a reloadable gift card through work that provides a modest discount making it my go to for most purchases. My local Argos is in Saintsbury which a lot of them seem to be now and it appears to work well as a relationship.

[–] [email protected] 4 points 1 year ago

I honestly trust Argos more than Amazon at this point.

[–] [email protected] 5 points 1 year ago

This is the best summary I could come up with:


Selling pick 'n' mix, stationery and even garden tools: Wilko has styled itself as a budget UK homeware chain for over ninety years.

James, a construction professional, remembers the first Wilko store in Leeds: "My dad loved it - a brilliant location at the Arndale Centre in Headingley.

Although the brand is beloved by Brits, Richard Lim, boss of the Retail Economics consultancy, said: "Sadly, sentiment doesn't ensure commercial success."

Wilko stepped into the High Street gap left by the collapse of Woolworths in late 2008, but has struggled over the last decade in part owing to more competition.

Wilko has already borrowed £40m from the restructuring specialist Hilco, cut jobs, rejigged its leadership team and sold off a distribution centre as it faced a cash squeeze after falling to a loss.

Shoppers have noticed gaps on shelves after Wilko struggled to pay suppliers and at least one credit insurer withdrew trade cover, prompting some companies to pause deliveries.


I'm a bot and I'm open source!

[–] [email protected] 2 points 1 year ago (1 children)

It'd be a shame. I like to pick up my bird food from there (they're one of the few shops that sell budgie seed that isn't padded out with wheat).

Back when I was a kid, going to Wilko was the highlight of our summer visits to our grandparents' house in the Midlands. The stationery section was like wonderland for me, with my 20p a week pocket money.

You can imagine how happy we were when they expanded to London. Their stationery is still pretty decent.

I feel for the workers. I went through this twice already when both my previous employers went into administration. Luckily I found something better and better paid each time. I hope it's the same for them.

[–] Borkingheck 1 points 1 year ago

Has budgie feed doubled in price since the start of Russia's invasion of Ukraine?

[–] Borkingheck 0 points 1 year ago

I've never heard of Wilko. 90 years in operation and I've never heard of it. I'm genuinely surprised by that.

[–] seacocker 0 points 1 year ago

Wilko's are a thing I associate with moving from Scotland to England. Not a thing up there, but I'm a big fan now. I'm such a sucker for buying a random selection of stuff all in one go.