Wilko profits and sales fall in ‘incredibly difficult’ year
Wilko has reported a slide in full-year pre-tax profits and a fall in sales, which it attributed to the “challenging” UK retail environment, Retail Week can reveal.
The general merchandise retailer reported a 65% slump in pre-tax profits in the year to February 1, 2020, exacerbated by a 5.6% decline in sales to £1.5bn.
Wilko, which ended the year with a 416-strong store estate, reported a 6.1% fall in like-for-like sales during the period. Sales of own-brand lines grew during the year and represented 55% of overall sales.
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