Beloved British bargain retailer B&M is set to sweep up 51 of the soon-to-be-vacated Wilko shops around the UK after the business went into administration earlier this month.
Equally popular around the country, 400 Wilkos stores are shutting as we speak after PwC were appointed as administrators and the company began its insolvency process on 10 August and now, in a late effort to snap up locations at a lower price, B&M have reportedly scored a £13 million deal.
Not unlike Wilkos, B&M is loved by shoppers not only for its affordable prices but for its wild range of items — where else can you buy wallpaper, stationery, KitKats, pick-and-mix, a fluffy rug and a nice new kettle all under one roof?
While various other brands such as Poundland, Home Bargains and The Range are also looking to take over some of the other spaces, B&M is set to become the first to pick up the pieces and aid their own expansion around the UK.
Credit: B&M/Greg MacveanCredit: Manchester Arndale
As a last-minute buyer could not be found, all of Wilko’s 400 units will eventually be taken over by other outlets and with roughly 12,500 jobs on the line, employees are now desperately waiting to see if they will be thrown a lifeline.
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The deal itself was made by Canadian entrepreneur Doug Putman, the man responsible for rescuing HMV and owner of Toys R Us back in his home country, who hopes to save as many as 300 Wilko stores in the coming weeks.
However, the long-term takeover is facing the obstacle of numerous Wilko suppliers like Unilever and Procter & Gamble wanting their debts repaid before continuing to supply products.
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Other suppliers have already cancelled shipments since the chain went into administration and aren’t expected to resume for a number of weeks and with jobs already being cut at the company’s headquarters and warehouses this week, many people have already parted ways with Wilko.
All that being said, the brand established all the way back in 1930 raked in an annual turnover of approximately £1.2bn and it’s safe to those vying for the remaining stores will be plugging a significant and profitable hole in the UK shopping scene.
As a fellow affordable retailer that sells everything from groceries to hardware, furniture, electronics and more, it feels fitting for B&Ms (Billington & Mayman) to take up so many Wilkos sites. The full list of locations is yet to be revealed and it remains to be seen what other brands will pop in their place too.
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Meanwhile, companies like Aldi are telling those facing the chop to get in touch with them about potential new employment.
Cult US sustainable clothing brand Reformation to open in Manchester city centre
Emily Sergeant
Cult US sustainable clothing brand Reformation is set to open its doors in Manchester very soon.
Since it was first founded in Los Angeles all the way back in 2009, Reformation has gone on to become one of the largest sustainable womenswear brands on the planet, and is now known and loved for making beautiful, timeless apparel and accessories that aim to ‘inspire confidence’ across life stages and occasions.
Operating on a business model that pairs a smart approach to merchandising with a responsive supply chain, Reformation now operates more than 70 retail stores across the US, UK, Canada, and France.
At the heart of the Reformation story is a genuine commitment to ‘doing things differently’.
Since day one, sustainability has been woven into everything the brand makes – from the eco-certified fabrics and responsible factories, to its famously transparent sustainability reports.
Currently, Reformation has five UK stores to its name – but, it may come as no surprise to fans of the brand that they’re all in London.
That’s why the news of this new Manchester opening is such a big deal.
Set to be the label’s first UK store outside of the capital, Reformation has secured a prime spot on King Street in the heart of the city centre, and although there’s no confirmed opening date as of yet, if the shop windows saying ‘Summer 2026’ are anything to go by, we can only imagine it’ll be very soon.
“For Manchester, it’s a landmark moment, and for King Street, it’s the latest signal that this is one of the UK’s most exciting retail destinations,” a spokesperson for King Street said in a statement.
Stay tuned for details on opening dates to be announced in due course.
Featured Image – The Manc Group
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Andy Burnham to begin rolling out new ‘everyday fixes’ for Brits amid cost of living crisis
Emily Sergeant
A series of ‘everyday fixes’ to help combat the rising cost of living crisis are soon to be rolled out nationwide.
Kicking off with two measures today, new Prime Minister Andy Burnham has announced that he plans to ban retailers from making ‘misleading’ claims to customers about discounts.
The Government says shoppers have ‘increasingly complained’ about outlets artificially inflating prices to give a false sense of value, such as increasing prices only to then immediately advertise ‘discounts’ to make savings look larger than they really are, which goes on to create an uneven playing field for honest competitors.
The Prime Minister also wants to see an end to so-called ‘subscription traps’, where people find it hard to cancel their subscriptions, and contracts are automatically renewed at a higher cost.
Set to come into force in January 2027 and saving people an average of £14 a month for every unwanted subscription, the changes will mean businesses will need to provide clearer up-front information, regular reminders. and a ‘much easier’ exit to contracts.
Andy Burnham to begin rolling out new ‘everyday fixes’ for Brits amid cost of living crisis / Credit: gov.uk | Piotr Cichosz (via Unsplash)
A new 14-day cooling-off period will also be introduced to let consumers cancel after a trial or long-term contract renews.
Certain charitable memberships, like the ones for cultural and heritage organisations for example, will be excluded from the new subscription rules due to the fact they have a unique role in preserving the nation’s history, landscapes, and cultural collections.
The Prime Minister says he is ‘determined’ to use every chance he gets to restore fairness and take pressure off people.
“I know people are sick and tired of rip-off discounts and subscription traps,” Andy Burnham said. “Westminster has got used to telling people that everyday hassles like this are just part of life, but I don’t think that’s right, especially when the cost of living continues to weigh heavily on so many people’s lives.”
Danny Jones -
5th September 2023 
