DIY retailer Wickes like-for-likes slipped 0.5% in the 39 weeks to October 1, but worsened in the most recent 13 week period, falling 2%.
Turnover increased 1.2% in the 39 week period when core product like-for-like sales, which represent 80% of turnover, increased 2.7%.
However, kitchen and bathroom sales slumped 12.4% “reflecting continued weakening consumer confidence for major purchases”.
Gross margins in the parent Travis Perkins retail division – which also includes Tile Giant and Toolstation – are “slightly ahead of last year”.
Travis Perkins chief executive Geoff Cooper has noticed the “challenging consumer environment for our retail business” but added: “We continue to take market share against a tough market backdrop, confirming the sustainable strength of our organic growth strategy.”