Wickes
This coverage examines Wickes’ performance, strategy, and operations within the UK home improvement and DIY retail market. Reporting highlights financial results, store formats, leadership changes, product strategy, and competitive positioning. Tailored for retail managers, category buyers, and executives assessing trends in DIY, trade, and consumer demand within the home improvement sector.
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Jan- 2025 -23 JanuaryDIY
Wickes hails progress in gender and ethnicity pay gap report
Wickes, the home improvement retailer, has revealed it has continued to build gender and ethnicity equality at every level in the business as part of its Gender and Ethnicity Pay Gap Report for 2024. It said there has been an improvement in the median Gender Pay Gap which has reduced…
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Oct- 2024 -22 OctoberNews-In-Brief
Today’s news in brief-22/10/24
Mulberry’s board has backed Challice, the majority shareholder, in rejecting Frasers Group’s increased £111m takeover bid. Challice made it clear last week that it has no intention of selling its shares or offering any commitment to Frasers. Mulberry’s board emphasised its unanimous decision to reject the offer, focusing instead on…
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22 OctoberDIY
Wickes sales jump 4.2% to £312.1m in Q3
Wickes has delivered stronger sales and a volume growth in retail, with LFL sales up 4.2% to £312.1m for the 13 weeks to 28 September. Despite challenging market conditions, the retailer’s design and installation business is “stabilising”, with LFL sales declining 13.3% to £79.2m compared to the 18.9% drop in…
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Sep- 2024 -10 SeptemberNews
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to £2bn, its lowest since 2009. Barclays downgraded Burberry, citing poor performance relative to other luxury retailers and doubts about its ability to maintain premium status due to pricing and strategic issues. CEO Jonathan Akeroyd was replaced by Joshua…
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10 SeptemberDIY
Wickes HY profit falls to £23.4m
Wickes has revealed that its adjusted profits fell to £23.4m, down from £31.1m, for the 26 weeks ended 29 June 2024. Alongside this, the DIY retailer saw its total revenues fall 3.4% year-on-year from £827.7m down to £799.9m. However, its operational costs were flat year-on-year following planned management action taken…
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Jul- 2024 -31 JulyDIY
Wickes HY LFL revenues fall 3.9% to £799.9m
Wickes has revealed that its revenue fell 3.9% like-for-like down to £799.9m for the six months ended 29 June 2024, despite a strong performance from its retail division. It comes as the company saw its design and installation revenue fall 18.3% like-for-like down to £166.7m. However, the company’s retail revenue…
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May- 2024 -1 MayDIY
Wickes maintains FY outlook despite LFL sales decline
Wickes has maintained its full-year profit guidance, despite overall like-for-like sales for the first 16 weeks to 20 April falling by 4.2% against the same period last year. While it said the trading environment remains uncertain, the group expects its “solid” start to the year within its retail offering to…
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Mar- 2024 -19 MarchNews
Today’s news in brief-19/3/24
Castore has secured the Umbro Pro Team Sports licence. This strategic move positions Castore as an exclusive marketer of Umbro products in several European countries, including the UK, Germany, and the Netherlands. Through this partnership, Castore aims to capitalise on Umbro’s heritage and authenticity in football culture, targeting a new…
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19 MarchDIY
Wickes welcomes ‘robust’ FY23 trading amid Solar Fast acquisition
Wickes has announced a “robust” trading performance for the year ended 30 December 2023 as it confirms that it has acquired a 51% stake in Gas Fast Limited, parent company of Solar Fast. In FY23, statutory profit before tax increased 2% to £41m as the group reported an 11% increase…
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Feb- 2024 -13 FebruaryPeople Moves
Matalan appoints new CFO
Matalan has announced the appointment of Dave Williams to the initial role of chief financial officer designate, which will graduate to the full CFO role and a position on the retailer’s board. The announcement comes as the latest CFO Stephen Hill has decided to “step down and pursue his next…
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