Wilko stores to close by early Oct after rescue deal not successful.

The news of Wilko's impending closure has sent shockwaves across the retail industry. On Monday, a proposed rescue deal for the collapsing retailer fell through, meaning all 400 branches of Wilko will close by early October.

The GMB Union has said this is a breaking news story, and that more details will follow soon.

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This news has sent a ripple of uncertainty through the retail industry, with Wilko being the latest in a long line of big-name retailers to close down.

We'll keep you updated as more information becomes available.

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