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.
-
Feb- 2024 -7 FebruaryDIY
First cohort of Wickes bathroom apprentices set to graduate
Wickes has announced that the first cohort of students enrolled in its bathroom installation apprenticeship – the first of its kind in the UK – are set to graduate in under a year’s time. The apprenticeship was launched following the success of the retailer’s kitchen installation apprenticeship. Running over 18…
Read More » -
Jan- 2024 -19 JanuaryNews
Today’s news in brief-19/1/24
In December 2023, the Office for National Statistics (ONS) reported a significant 3.2% drop in retail sales volumes in the UK. This decline marked the most substantial monthly decrease since January 2021, following a modest 1.4% increase in November 2023. On an annual basis, sales volumes in 2023 fell by…
Read More » -
19 JanuaryDIY
Wickes to provide flexible hours for store management roles
Following a six month pilot across 14 stores, Wickes is set to make all store management roles open to flexible working. It comes as the retailer partnered with Timewise to undertake research on the roles of store managers, operations managers and duty managers to understand the barriers to “design, trial…
Read More » -
Nov- 2023 -3 NovemberNews
Today’s news in brief-3/11/23
In October, footfall in the UK dropped by 5.7% year-on-year, with high streets experiencing a 4.6% decrease, compared to a -1.7% in September. Retail parks and shopping centres also saw declines of 4.3% and 7.3% respectively. England had the smallest drop at 5.3%, followed by Scotland at 1.4%, Wales at…
Read More » -
3 NovemberDIY
Wickes maintains FY guidance as it increases market share
Wickes has said it is on track to meet its FY guidance, expecting an adjusted pre-tax profit of £45.3m to £49m for FY24, as its market share grew and like-for-like sales inched up 1.1% in Q3. This is despite a 0.2% decline that was attributed to negative 4.4% growth in…
Read More » -
Sep- 2023 -12 SeptemberDIY
Wickes revenues hit £827.7m in H1 as DIFM sales recover
Wickes revenues grew 0.7% to £827.7m in the 26-week period to 1 July, following a sales uplift of 5.8% in ‘Do It For Me’ (DIFM) activity. The group’s adjusted profit before tax and SaaS IT investment costs hit £34.8m compared with £41.3m in H1 2022, as cost inflation exceeded revenue…
Read More » -
Jul- 2023 -25 JulyDIY
Wickes Q2 LFL sales up 3%
Wickes Group has announced that its like-for-like sales for the 13 weeks to 1 July were up 3%. Alongside this the company’s like-for-like sales for the first half of the year were up 0.7% despite the fact that Q1 like-for-like sales were down 1.8%. The company’s core LFL sales were…
Read More » -
12 JulyPeople Moves
Travis Perkins names Duncan Cooper as new CFO
Travis Perkins plc has announced they will be appointing Duncan Cooper as its new CFO. Cooper will be succeeding Alan Williams who advised the company’s board that he will be retiring as chief financial officer and stepping down from the board in 2024, after seven years in the role. The…
Read More » -
12 JulyNews
Travis Perkins CFO to step down
Travis Perkins has announced that Alan Williams will be retiring as chief financial officer in 2024 after seven years with the company. Duncan Cooper, currently group finance director at Crest Nicholson, is set to succeed Williams. Cooper has held his position at Crest Nicholson since June 2019. Prior to that…
Read More » -
May- 2023 -3 MayDIY
Wickes sales hit by adverse weather in Q1
Wickes has revealed that for the first 16 weeks of the year to 22 April the group’s like-for-like sales were down by 0.6%, with core like-for-like sales down by 3.6%. The group has attributed this to its core sales having been affected by adverse weather at the start of the…
Read More »
