finance

Wilko staff break down in tears and thank loyal shoppers as store closes down after 26 years


WILKO staff have broken down in tears and thanked loyal shoppers – after their store closed down after 26 years.

Footage shared on social media showed the moment staff filed out of the Wilko branch in Worksop, Nottinghamshire for the last time.

This is the moment tearful Wilko staff thanked loyal shoppers

2

This is the moment tearful Wilko staff thanked loyal shoppersCredit: TikTok/nicolahopewell
One worker said 'it's not our doing it's failed'

2

One worker said ‘it’s not our doing it’s failed’Credit: TikTok/nicolahopewell

Gathered locals gave them a thunderous applause – before one choked-up worker addressed the crowd.

She said: “It’s been a pleasure. We’ve had our ups, we’ve had our downs.

“But we’re a great team – all of you have been a great team.

“It’s not our doing that it’s failed. 26 years we’ve had here and we’ve enjoyed every minute.

“So thank you very much for coming in today.”

Wilko superfans then shouted “Hip hip, hooray!” before renewing their applause.

The clip was posted on Instagram by the “Archbishop of Banterbury” account – with the caption “We thank you for your service”.

Wilko’s creditors are facing vast losses – with 400 stores closing and thousands of jobs axed.

The chain went into administration last month after its coffers were drained by inflation.

Its remaining stores are set to shut their doors in October – 90 years after the Wilkinson family opened its first homeware shop.

Now Sky News reports that unsecured creditors could get back as little as 4p of every pound Wilko’s owners owe them.

Accounting giant PricewaterhouseCoopers told unsecured creditors that they are likely to recover between 4 and 8 per cent of their debts.

Readers Also Like:  India’s top court calls for expert panel to examine fallout of Adani Group fraud allegations

The Wilkinson family are facing calls to return some of the millions they siphoned from the company in dividend payments.

Between January 2019 and February 2022, the family received dividends adding up to a whopping £9million.

The most recent shareholder payout, totalling £750,000, was made in February last year.

More than 12,000 high street jobs are expected to be lost when Wilko folds next month.

Discount-store rivals PoundlandB&M and The Range carved up Wilko’s sites and online assets – but no deal was reached to protect workers.

A rescue bid led by HMV supremo Doug Putman fell apart just over two weeks ago.

Major creditors Barclays and Hilco UK are expected to be repaid in full the £2.4million and £39.9million they are each owed.

The industry-funded Pension Protection Fund will also recover the £20million it is owed as a secured credit – but could lose the millions more it is owed as an unsecured one.





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.