Wilko has issued a statement in response to rumours of possible store closures. The retailer has confirmed that no decisions have yet been made on the future of the business.
It added that it hopes to stabilise the business through a 'turnaround plan'. The strategy, which was announced in January, will implement an updated growth strategy.
As reported by NottinghamshireLive, business news site Bloomberg has reported that Wilko is considering entering into a company voluntary agreement. This would renegotiate rents with landlords and potentially close some sites.