Nottinghamshire-headquartered Wilko is set to close its toy departments, focusing instead on selling garden and household goods.
The retailer informed suppliers of its intentions in a letter, according to reports from toyworld, stating the decision is part of its long term strategic direction.
Wilko will apparently, however, offer seasonal/outdoor toys at the relevant time of year.
The news comes after it was revealed that 95 Wilko staff in Worksop were at risk of being made redundant as the retailer looked to outsource its customer services, and follows the business agreeing a £40m two-year revolving credit facility with Hilco, to allow it to increase financial flexibility as it accelerates plans for turnaround.
This backstop facility is in addition to the recently announced injection of £48m from the sale and leaseback of its Worksop distribution centre and ongoing re-gearing negotiation successes with landlords.
Wilko’s year-end results showed a drop in sales, while the firm slipped to a pre-tax loss, as the pandemic continued to bite.
