Wilko

Wilko.com Limited (trading as Wilko) is a British variety retailer. It was founded as Wilkinson by James Kemsey Wilkinson and Mary Cooper in 1930 as a hardware retailer, opening its first store in Leicester.[2]

In 1972, Tony Wilkinson succeeded his father as chairman, leading the retailer through rapid expansion. By the end of the 1980s, the chain had 78 stores, and by the end of the 1990s, it had grown to 152 stores.[2] In June 2005, Lisa Wilkinson and Karin Swann succeeded their father and uncle, refocusing the stores from hardware to variety retail, and from 2012 onwards, rebranded the chain to Wilko.[3]

In August 2023, Wilko Limited collapsed into administration, with the final stores closing on 8 October.[3][4] In September, CDS Superstores purchased the Wilko intellectual property, re-launching Wilko.com on 12 October, and opening new physical stores from December 2023 onwards.[5]

History

The first Wilkinson store was opened by James Kemsey Wilkinson and his fiancee Mary Cooper at 151 Charnwood Street, Leicester in 1930, and a second store was opened in Wigston Magna, near Leicester, in 1932. Nine branches were opened by 1939.[2]

The Beaconsfield store can be seen in the background of a scene in the film Brief Encounter (1945). By the end of the 1980s, the chain had 78 stores, increasing to over 152 by the end of the 1990s.[2]

The founder's son, Tony Wilkinson, joined the company as a branch manager in 1960 and succeeded his father as chairman in 1972, retiring in June 2005. Tony was succeeded by his daughter, Lisa Wilkinson, and his niece, Karin Swann.[6]

Wilkinson opened its first Scottish outlet in Castle Douglas in January 2009.[7]

In 2012, Wilkinson began rebranding its stores as Wilko, after its own brand products already marketed under the Wilko name, and by 2014, most stores had been rebranded.[8][9][10] Prior to the rebranding, the abbreviation Wilko had been commonly used as an informal reference to the brand.

In 2014, Karin Swann sold her 50% holding in the business to Lisa, leaving Tony, his wife Christine and Lisa the sole owners of the company, and Lisa the chairman. Swann wanted to pursue other business interests and the decision did not represent a falling-out of the family.[11]

In August 2017, Wilko began negotiations with the GMB trade union over the company's plan to cut 4,000 jobs.[12] The board paid the family owners a £3 million dividend.[13]

In March 2018, Wilko began to sell 285 of its own brand products in Dubai through Ace Hardware, marking the first time that Wilko had sold through another retailer.[14]

In June 2020, Warpaint London, a cosmetics company, signed a deal with Wilko to sell their products in UK shops.[15]

In January 2022, Wilko announced the closure of 15 stores with costly long leases.[16] Wilko paid its owners, led by the Wilkinson family, a £3 million dividend again.[17]

Distribution

The company awarded a five-year logistics contract to Wincanton plc in March 2017, replacing Canute Haulage Group after 29 years.[37]

In September 2019, the GMB union announced that its members would strike over a new weekend working proposal at the distribution centres. The strikes planned for four dates in October 2019 were called off after an improved offer was made by Wilko.[38]

Following the departure of Wilko, Canute Haulage Group entered administration in 2018 and was liquidated in 2019.[39]

Financial performance

Turnover for the year ending February 2022 was in excess of £1.2 billion.[40]

External links