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- 2021 -24 MarchDIY
Wickes demerger to commence following FCA approval
Travis Perkins has “marked the next milestone” in the demerger of Wickes from the group after submitting a proposal of the move to the FCA for approval. Following approval, Wickes shares are set to be admitted to the premium listing segment of the FCA and admitted to trading on the…
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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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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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Mar- 2019 -14 MarchAnalysis
The click-and-collect phenomenon
The UK retail landscape is facing unprecedented pressures as British shopping habits continue to undergo a radical transformation. With consumers crying out for a more interactive, seamless and personalised experience in-store, it can be difficult for retailers to know how to keep footfall. Through merging the best of digital and…
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Feb- 2019 -27 FebruaryDIY
Travis Perkins posts strong H2 results during ‘challenging year’
Building supplies retailer Travis Perkins has announced strong financial results for the second half of 2018, despite describing trading conditions as “extremely challenging”. The retailer saw its sales for the period rise by 4.8% to £6.74bn, with its pre-tax profits increasing by 1.2% to £347m. Adjusted opening profit at the…
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Dec- 2018 -5 DecemberDIY
Travis Perkins contemplating future of Wickes brand
Parent company Travis Perkins is contemplating the future of its Wickes brand as it seeks to “simplify its business to improve returns”. Following a comprehensive review of the business announced it July, the board of Travis Perkins concluded that the group will focus on “serving trade customers through advantaged businesses…
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Jul- 2018 -31 JulyDIY
Wickes owner Travis Perkins lowers profit outlook amid ‘challenging DIY market’
The parent company of DIY retailer Wickes, Travis Perkins, has announced that profits “will be lower than previously expected” amid a “challenging DIY market”. For the six-month period ending June 30, Travis Perkins reported a 4.4% increase in revenue to £3.3bn, attributed to good trading performance in the trade-focused businesses…
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Jun- 2018 -29 JuneDIY
Wickes to take on 900 staff from B&Q to meet kitchen and bathroom demand
Wickes has announced that it will take on 900 staff from B&Q to add to its bespoke kitchen and bathroom department to meet demand. The DIY retailer has said that demand for fully designed and installed kitchens is continuing to grow so it is investing significantly in its professional kitchen…
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