All of UK retailer Wilko’s stores to shut, risking 12,500 jobs

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Reuters UK

LONDON (Reuters) -Failed retailer Wilko will disappear from British high streets next month, as its entire chain of 400 homeware stores close, with the likely loss of all 12,500 jobs, a trade union said on Monday. The GMB union said, citing Wilko’s administrators, that the stores were set to close by early October, while two distribution centres will close on Friday next week. “This means that redundancy is now likely for all 12,500 workers,” GMB added. The news follows hopes in recent weeks of a deal being reached to buy the retailer, which collapsed last month after suffering a cash squeeze …

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