The Latest Breaking News from Poundland

Staff at the stricken retailer talk of how things went downhill fast and voice fears for their futures

PwC says owner plans to reopen stores under Poundland brand throwing lifeline to as many as 1,800 staff

All 400 of Wilko’s shops are now expected to close over the next month, leaving 12,500 people without jobs across the UK. The budget retailer’s administrator PwC announced the news after it struggled to secure a rescue deal for Wilko to continue operating.

The GMB Union said it was “likely” all 12,500 staff would lose their jobs

Talks with HMV owner Doug Putman to save about half of retailer’s stores fail

Poundland, Home Bargains and The Range also in talks to snap up some of stricken retailer’s outlets

UK retailer, which has about 400 shops, likely to shut some branches ‘in near future’ after no buyer found

Rivals B&M and Poundland, as well as Laura Ashley owner Gordon Brothers are among those said to be interested in saving at least some Wilko stores

By selling pick ‘n’ mix, stationery, garden tools and bird boxes, Wilko has spent the last 90 years transforming from a one-store business into one of the UK’s major budget retail players. It now has around 400 stores, but it has also become the latest high street shop to face…