Travis Perkins
This coverage examines Travis Perkins’ strategy, operations, and performance within the UK building materials and retail sector. Reporting highlights branch network developments, digital initiatives, marketing campaigns, leadership changes, and responses to market challenges. Tailored for retail executives, operations managers, and industry stakeholders, the content provides insights into how Travis Perkins navigates the evolving construction and retail landscape.
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Sep- 2020 -9 SeptemberHigh Street
Travis Perkins profits slump 80%
Travis Perkins has reported a 80.9% decrease in adjusted operating profits to £42m for the half-year period ended 30 June 2020. This reflected “shortfall” from lower sales volumes, and was partially offset by actions to reduce and control operating costs. The retailer also reported a 20% fall in revenues to…
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4 SeptemberPeople Moves
Topps Tiles names Stephen Hopson as CFO
Topps Tiles has announced the appointment of Stephen Hopson as its new CFO, effective from 2 November. Hopson joins the business from Molson Coors Beverage Company where he is director of Central Finance, Western Europe. He was also previously the director of finance at BSS and held a number of…
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Jul- 2020 -29 JulyDIY
Travis Perkins reports 20% HY sales decline
DIY retailer Travis Perkins has revealed that like-for-like half-year sales declined by 20% across the group due to the impact of the coronavirus pandemic. Overall, Travis Perkins reported group revenue for the first six months of 2020 was £2.78bn, down from £3.48bn in 2019, attributed to the “significant impact” of…
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1 JulyDIY
Kingfisher appoints ex-Travis Perkins CFO as non-executive director
Kingfisher has announced the appointment of former Travis Perkins CFO, Tony Buffin, as a non-executive director with effect from 1 December 2020. Buffin joined Holland and Barrett as CEO last year, prior to this, he held the position as chief operating officer and chief financial officer at Travis Perkins. He…
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Jun- 2020 -15 JuneHigh Street
Travis Perkins to cut 2,500 jobs amid Covid-19 pandemic
Wickes owner Travis Perkins has revealed plans to cut almost 2,500 jobs amid the ongoing Covid-19 pandemic. It comes amid a consultation process regarding the closure of around 165 branches across its overall estate, representing approximately 8% of the group’s network. The company said branch closures will be concentrated in…
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Mar- 2020 -4 MarchHigh Street
Travis Perkins revenues rise in full-year results
Travis Perkins has reported a 3.2% increase in revenues for the year ended 31 December 2019. The buildings and home improvements retailer also saw adjusted operating profit growth of 7.8%, driven by an improved performance at Wickes. Wickes, which is owned by Travis Perkins, demonstrated a “strong recovery” in performance…
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Oct- 2019 -22 OctoberDIY
Wickes helps boost Travis Perkins Q3 sales by 3.8%
DIY retailer Travis Perkins has reported a 3.8% increase in Q3 sales boosted in part by a “strong performance” from its Wickes brand. For the three month period ending 30 September 2019, Travis Perkins saw like-for-like sales increase by 3.4%, with its Toolstation brand recording total sales growth of 21.3%…
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Apr- 2019 -15 AprilPeople Moves
Intu appoints new independent non-executive director
Shopping centre owner Intu has announced the appointment of Cheryl Millington as an independent non-executive director. The appointment will take effect from the conclusion of Intu’s AGM on 3 May 2019 with Millington becoming a member of Intu’s remuneration, audit and nomination and review committees. Millington is currently a non-executive…
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2 AprilPeople Moves
Intu still seeking CEO replacement it confirms
Shopping centre owner Intu has confirmed it is still seeking a replacement for outgoing CEO David Fischel. This is despite reports from the Sunday Times claiming that the owner of the Trafford Centre in Manchester and Intu Lakeside in Essex was favouring a move for former Travis Perkins chief operating…
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Mar- 2019 -22 MarchDIY
Travis Perkins appoints new COO amid plans to simplify business
Building materials retailer, Travis Perkins, has appointed Frank Elkins as its new chief operating officer for the group’s trade merchant business. The operations which Elkins will oversee include Travis Perkins builders merchants, BSS, Benchmarx, Keyline and CCF, which generate more than £3.6bn in annual revenue combined and have a branch…
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