It is expected that the restructuring will focus on rent reductions, rather than permanent store closures.
The company is in the early stages of a turnaround plan, and the CEO, Mark Jackson, has stated that they are confident that with the right actions, they will continue to be a key feature on the British high street and expand their omnichannel offer.
LONDON DAILY ARCHIVE
Wilko Hires CBRE for Rent Negotiations as Part of Turnaround Plan
Wilko, a discount retailer, has hired property advisers CBRE ahead of negotiations with landlords about cutting rents across its store estate.
09 June 2023 · 15:08 UTC
