Last weeks collapse of wilko is just the latest in a series of big name retailers who were unable to survive the stresses of traditional brick and mortar retailing. So can our traditional high street survive against the might of lower cost lower overhead online giants. After unsuccessful rescue deal attempts, Wilko was forced into administration, creating uncertainty for around 12,500 jobs.

Administrators confirm the budget-conscious retailer continues trading across all stores, sans immediate redundancy plans. WILKO's shift is apparent as it halts click-and-collect orders, discontinuing online orders with in-store pickup—a decision predating administration. The home delivery service was already suspended earlier. An impending sale is hinted, possibly by next week's end. Sale specifics are unclear, encompassing acquisition considerations from stores and brand to solely physical locations or even brand name and stock procurement.

On a brighter note, discount retailers like Home Bargains and Dunelm offer alternatives to affected Wilko staff, anticipating potential store closures. However, a concern looms over consumer spending due to a cost of living crisis, raising the specter of other major retailers facing financial troubles.