In a trading update from parent Travis Perkins, it revealed like-for-like sales up 5.7 per cent at Wickes. Core product sales climbed 8.1 per cent and showroom sales by 6.4 per cent.
Travis Perkins said that Wickes’ trading continued to progress in line with company expectations. Gross margins were slightly below the comparable period last year, reflecting continued price competition in key value lines.
In the nine months to the end of September, Travis Perkins opened three Wickes stores, increasing its selling space by 5.6 per cent. It is also in negotiations to acquire a further seven shops, which are expected to open before Easter next year.
Travis Perkins pointed out that, while everything indicates that the market is slowing, this year the retailer increased the resilience of its business to variations in market growth.
Travis Perkins has implemented several programmes designed to improve productivity and keep cash management tight.
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