Wilkinson (retailer)

Wilkinson
Type Private
Industry Retail
Founded 1930
Headquarters Worksop, UK
Number of locations 364 (December 2011)
Key people Karin Swann (Chairwoman)
Lisa Wilkinson (Chairwoman)
Stuart Mitchell (CEO)
Products Basic groceries, consumer goods, DIY, stationery, pets
Revenue £1,364 million (2008)[1]
Operating income £85 million (2007)
Website www.wilkinsonplus.com

Wilkinson or Wilko is a British high-street discount chain with over 300 stores, selling primarily homewares and household goods.

Founded in 1930 Wilkinson Cash Stores by James Kemsey Wilkinson, the company has remained largely in the hands of the founding family since. When chairman Tony Wilkinson, the son of the founder, retired as Chairman after 45 years in 2005, he was replaced by his niece, Karin Swann, and his daughter, Lisa Wilkinson.

Contents

Product range

The Wilkinson product range concentrates on household essentials, including homewares, textiles, DIY, cleaning products, health and beauty lines, stationery, confectionery, pet products and kitchen and bathroom goods. A large proportion of the range is made up of own-label products sold under the Wilko brand.

Seasonal ranges are introduced on a rotational basis, with garden tools and plants in summer and Christmas decorations from September to January. Toys are now a permanent addition to the seasonal line, however, the company does increase the number of toys during the Christmas period.

During 2007 the company introduced a grocery range and a "food to go" offering in some larger stores. In November 2007, the company opened its first convenience style store.

Stores and distribution

The first Wilkinson store was opened in Leicester in 1930, increasing to a total of nine branches by 1940; the Beaconsfield store can be seen in the background in the 1945 film Brief Encounter. By the end of the 1980s Wilkinson had a total of 78 stores, increasing to over 150 by the time of the founder's death in 1997.[2]

Wilkinson opened their first Scottish outlet in Castle Douglas on 23 January 2009 in a store formerly occupied by The Co-operative Group.[3] Stores were subsequently opened in Scotland that same year in Motherwell on 17th July, in Irvine in November and in Clydebank on 2 December. During 2010, the latest stores planned for Scotland set to open are Hamilton, Kilmarnock, Greenock and Livingston.

By October 2009, Wilkinson had a total of 359 stores nationwide, with stores averaging in excess of 17,000 sq ft (1,600 m2), and employed over 22,000 people. From 2010 over the next 3 years the board plan to reach 500 stores

The company has two distribution centres:

The logo on the shop (right) is using the former Wilkinson logo which was used until 2009.

Wilkinson has a trend of taking over redundant former stores rather than building new ones, particularly in the West Midlands; notable examples include the former Kwik Save store in Great Bridge (May 2008)[4], the former Safeway store in Halesowen (early 2007)[5] and the former Marks & Spencer store in Dudley (July 1991). The opening of a store in Dudley was an example of a trend of the retailer to take over large units in town centres left vacant by the relocation of big retail names to out of town locations, as Marks & Spencer had closed its Dudley store during 1990 in favour of a new store at the nearby Merry Hill Shopping Centre. The Dudley store was so successful that a £250,000 expansion to the upper level of the building (initially only the ground floor was used) was completed three years after its opening. By this stage, Wilkinson was one of Britain's fastest growing retailers.[6]

Marketing

Wilkinson's advertising is concentrated in the press, such as through inserts included with local newspapers. Advertising emphasises value for money, with in-store promotion encouraging customers to purchase more than one item when they visit the store.

A revamped version of the Wilkinson brand was unveiled in 2008. Designed by Jupiter Creative[7], the brand was showcased in new format stores in Thornaby, Sheffield, Leicester, Newton Aycliffe and Walton-on-Thames, as well as the Castle Douglas, Motherwell & Clydebank stores in Scotland. Elements of the new brand have since been phased in more widely, including point-of-sale materials, carrier bags and a relaunched website. Stores in Nottingham and Retford have also recently been converted to the new One Touch format.

Incentives

Wilkinson has launched a Saving Stamp Scheme across all its stores. Although not an unusual practice in the retail market, it is unique to Wilkinson because it has never launched any kind of loyalty or saving incentives in the past, preferring to concentrate on its 'Everytime' value promise. This is no longer available in Wilkinson stores as it was replaced with gift cards.

Employees of the company are offered a 13% discount at all Wilkinson Stores after four weeks service, as well as the same discount on products in the Wilkinson Plus catalogue.

Wilkinson stores also donate 1% of their annual profits to charitable causes.

Financial success

Turnover for the year ending January 2009 was in excess of £1.4 billion.[8][9]

Year ending Turnover (£m) Trading profit (£m) Operating profit (£m)
2 February 2010[10] 1740 68.1
31 January 2009[8] 1,400 31.6
1 February 2008[1] 1,364 88 50.3
2 February 2007[11][12] 1,246 85 48.4
27 January 2006[13] 1,135 25.7
1 January 2005[14] 1,116 54.3
1 January 2004[15] 1,045 56.5
31 January 2003[16] 922 44.7
2 February 2002[17] 817 36.6

Partnerships

Wilkinson products are also supplied to Manx retailer Shoprite (Isle of Man).

Charity Partnerships

The current charity partner is Age UK. This charity partnership began in May 2011 and will last until May 2012. [18] Previous charity partnerships include Anthony Nolan (May 2010-May 2011) and Children's Hospice UK (May 2009-May 2010).

References

External links