Southport Wilko could be saved from nationwide axe

6th September 2023

Southport’s Wilko store has avoided being named on a huge list of the chain’s locations set to close this month.

The Chapel Street store won’t be closing anytime soon, administration bosses have said.

Its thought the location is of interest to the B&M group who may seek to buy out a number of shops.

B&M said it will take on up to 51 of Wilko’s 400 stores in a deal worth £13m.

Wilko fell into administration in August as it struggled with sharp losses and a cash shortage.

It is understood that a deal tabled by HMV’s owner has stalled over issues with suppliers and funding.

Wilko was founded in 1930 and by the 1990s became one of Britain’s fastest-growing retailers.

But the discount chain has faced strong competition from rivals including B&M, Poundland and Home Bargains, as the high cost of living has pushed shoppers to seek out bargains.

Wilko’s stores remain open for now as it seeks a buyer for a bigger chunk of the estate, but more than 12,500 jobs were put at risk by the collapse.