Wilko has confirmed that no decisions have yet been taken on the future of the business amid reports that the Nottinghamshire-based retailer is considering closures. The company says it has been working on a 'turnaround plan' for some months, which seeks to stabilise the business and draw up a strategy for its growth.
With the turnaround programme having been announced in January, business news site Bloomberg has now reported that Wilko is considering entering into a company voluntary agreement. The agreement would renegotiate rents with landlords and potentially close some sites.
But Mark Jackson, CEO of Wilko, said: "We announced the start of our turnaround programme to drive Wilko forward in January, complete with a new streamlined senior team and a strategic plan to first stabilise the business and then implement a growth strategy.
