10 August 2023
The British Independent Retailers Association has called the announcements today that Wilko has formally collapsed into administration as a 'travesty' for the high street.
Bira, which works with over 6,000 independent businesses of all sizes across the UK, expressed its sadness for another high street shop struggling and 12,000 jobs being put at risk.
The retailer, which was founded in the 1930s and has 400 stores across the country, have formally appointed PwC to lead the process.
Andrew Goodacre, CEO of Bira said the collapse of such a well-established retailer could have significant implications for the high street, and the retail industry as a whole.
"Wilkinson's has been a fixture on the high street for years, providing customers with a range of products essential for daily life. Its plight serves as a stark reminder of the challenges faced by traditional retailers in an ever-evolving market environment. The repercussions of its collapse extend beyond the company itself, impacting suppliers, employees, and the vitality of the high street.
"We are saddened to hear about this today and our thoughts are going out to all employees and their families now facing an uncertain future. It really is a travesty for the high street and for their hard-working members of staff.
Mr Goodacre added: "The collapse of Wilkinson's is a stark reminder that the cost of living crisis affects all facets of the high street, from large retailers to small businesses. This event underscores the challenges faced by businesses of all sizes and underscores the urgent need for reform in business rates, a critical step towards ensuring the survival of our high streets.
"In light of this unfortunate event, we are calling for increased attention and support towards independent retailers who are the lifeblood of local economies. Their unique character, personalised service, and intimate connections within communities highlight the significance of nurturing the high street."
He said: "The decline of a respected high street entity like Wilkinson's underscores the need for a collective effort to preserve and uplift our local retailers. We must acknowledge that the high street landscape is undergoing a transformation, and it's crucial that we rally around our independent businesses to ensure their longevity."
Bira remains dedicated to advocating for the interests of independent retailers and helping them navigate the changing retail landscape. The association continues to work closely with its members, providing guidance and resources to aid their resilience and success.
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