Discount retailer Wilko to pay quarterly rent bills in monthly instalments


Retailer Wilko tells shop landlords that it will pay quarterly rent bills in monthly instalments as it tries to manage cash flow in run-up to Christmas

Discount retailer Wilko has told shop landlords that it will pay its quarterly rent bills in monthly instalments as it tries to manage cash flow in the run-up to Christmas. 

The company blamed the move on ‘supply chain volatility’ and the ‘inflation we’re all suffering’, The Sunday Times reported. 

Sign of the times: Wilko blamed the move on ‘supply chain volatility’ and the ‘inflation we’re all suffering’

It is also said to be close to refinancing a £37.5m revolving credit facility. 

Wilko chief executive Jerome Saint-Marc said: ‘Trading is tough… and we’re having to make smart choices. We’re confident in our financial stability and have strong plans.’

Read more at DailyMail.co.uk