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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Mar- 2023 -23 MarchDIY
Wickes FY profits fall despite growing sales
Wickes has revealed that pre-tax profits dropped to £40.3m after absorbing non-recurring costs of £35.1m, despite reporting a like-for-like increase of 3.5% in sales for the year ending 31 December 2022. During this period, the DIY retailer’s net cash position also stood at £99.5m compared with £123.4m in the same…
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Jan- 2023 -31 JanuaryHigh Street
Wickes sales grow 5.2% as energy-saving products provide boost
Wickes has announced that its like-for-like sales grew by 5.2% in Q4 up to 31 December, as it saw strong demand for energy-saving products such as loft insulation and draught excluders. Its “Do It For Me” like-for-like sales soared 34.5%, which helped total group sales increase by 11.5% in the…
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Oct- 2022 -21 OctoberDIY
Wickes reports stable Q3 trading but warns of energy costs
Wickes has reported stable trading in its third quarter, with sales rising by 2.6% against the 0.8% growth reported for the first half, but has warned of rising energy costs in FY23. As trading stabilised in the period, sales were flat on a one year basis, but remained 27.3% ahead…
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Sep- 2022 -15 SeptemberEconomy
Wickes sees H1 profits fall 6.2% to £33.5m
Wickes has reported that its profits before tax declined by 6.2% for the first half of 2022, to £33.5m compared with £35.7m for the same period last year. The company saw revenue growth of 1.3% to £822.3m from the 22 weeks ended 2 July 2022, compared with £812.0m in H1…
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Jul- 2022 -26 JulyEconomy
Wickes downgrades outlook despite strong Q2 sales
Wickes has downgraded its full-year outlook after signs of “softening” in DIY and DIFM markets in recent weeks, despite the company’s LFL sales growing by 5.4% in its second quarter. According to the group, trading in recent weeks suggests customers are reacting to the uncertain macroeconomic backdrop as the brand…
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5 JulyDIY
Wickes and iSite partner to launch shoppable digital content
Wickes has partnered with iSite to launch a “unique” new home improvement space with over 130 online shoppable videos. The group said the recent launch and partnership reinforces the brand’s strategy to support project-based shopping. The new feature is said to be a “great solution” for customers, which merges content…
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May- 2022 -26 MayDIY
Wickes sales dip despite ‘record’ order books
Wickes has revealed that like-for-like sales for the first 20 weeks of the year were down 0.6% against the prior year, with year-to-date trading in line with expectations against “strong” prior year comparatives. Core like-for-like sales were down by 7.2%, though delivered DIFM sales were up by 30.9% over the…
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Mar- 2022 -25 MarchDIY
Wickes profit soars 71% in FY21 as it ‘outperforms’ market
Wickes has announced that its profit-before-tax soared by 71.7% to £85m in FY21, up from £49.5m the year before, as it hailed a “year of excellent growth”. In the period ended 1 January 2022, the group also welcomed a revenue rise of 14% to £1.53bn, up from £1.35bn in 2020,…
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1 MarchDIY
Travis Perkins profits spike 175%
Travis Perkins plc has revealed its adjusted operating profits surged 175.8% for the year ending 31 December 2021 (FY21), rising year-on-year from £128m to £353m, and up 19% compared to pre-Covid levels. The group said the performance reflects the work undertaken to enhance its customer proposition through investment in network…
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Jan- 2022 -24 JanuaryPeople Moves
Wickes appoints chief financial officer
The Wickes Group has announced the appointment of Mark George as chief financial officer (CFO), effective no later than 20 July 2022. In his new role, George will replace Julie Wirth who has announced her intention to retire froma full-time executive role following her “significant contribution” to the transition of…
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