All Wickes articles – Page 2
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AnalysisHow 10 leading retailers and brands are breaking biases this IWD
This International Women’s Day (IWD) is a celebration of how to collectively #BreakTheBias. Retail and industry executives including Tesco, New Look, Sainsbury’s, The Body Shop, Fujitsu and Retail Trust reflect on the steps they are taking to challenge stereotypes and stamp out inequality.
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NewsWickes ups profit expectations after strong trading
DIY specialist Wickes has lifted full-year earnings expectations after strong fourth-quarter trading.
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VideoWatch: Workday, eBay and Wickes on how to achieve long-lasting D&I success
Organisations that promote employee ownership of diversity and inclusion (D&I) goals will have the greatest success in tackling inequality in the long term, according to Be Inspired’s expert panel.
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NewsWickes hails ‘resilient’ performance as it swerves supply chain slowdown
Wickes has reported a slip in third-quarter sales against strong comparatives, but sales rose strongly on a two-year basis.
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Opinion‘Contrary to popular belief, stores are a retailer’s best assets’
The unprecedented, pandemic-induced shift to online shopping has dominated industry discussions over the past 18 months - and rightfully so.
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NewsWickes reveals strong profit rise in first results since demerger
Wickes has registered stellar profits and sales in the first report since it demerged from Travis Perkins.
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NewsWickes sales soar in strong first half
Wickes reported strong sales in the first half of the year, with stores performing particularly well after reopening following the easing of coronavirus restrictions.
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NewsWickes hails strength of showrooms as sales exceed expectations
Wickes has reported that it expects full-year profits to be at the top end of expectations as kitchen and bathroom orders boom.
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Retail Navigator AnalysisWickes (SWOT)
Wickes benefits from low operating costs since the majority of its stores are located in less sought-after out-of-town locations and are considerably smaller than those of its competitors. This is supported by a tighter product range, reducing complexity for distribution and in-store stocking activities. This is also the basis for a very strong multichannel model.
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Retail Navigator AnalysisWickes (Strategy)
Wickes’ strategy is to provide the best value building materials to DIY and small trade customers in the UK. It says it can achieve this because its policy of running smaller stores with lower rents means it has lower operating costs than competitors.
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Retail Navigator AnalysisWickes (Overview)
Wickes is the UK’s second largest DIY specialist with around 230 stores across the country and sales of £1.56bn in 2022. A digitally led, service-enabled business, it has been listed on the London Stock Exchange from April 2021 after being demerged from former owner Travis Perkins.
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Retail Navigator AnalysisWickes (Financials)
Wickes posted a 0.6% decline in sales to £1,553.8m for the year to 31 December 2023 (FY2023), with like-for-like sales falling 0.3% on the previous year. Wickes’ chief executive David Wood commented “This has been another year of strong progress for Wickes. Our robust trading performance, targeted investment programme and disciplined cost control have delivered profits ahead of expectations.
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NewsM&S, Pets at Home and Wickes to close on Boxing Day
Marks & Spencer, Pets at Home and Wickes have decided to close their doors on Boxing Day as a thank you to their colleagues after a tough year.
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NewsTravis Perkins sales decline despite ‘strong recovery’ of retail arm
Wickes owner Travis Perkins has posted a fall in total sales across its third quarter, but its performance was boosted by resilient sales across its DIY retail divisions.
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NewsTravis Perkins profits fall following store closures
Travis Perkins has announced a decline in both profits and revenues after closing 165 stores in June, but the retailer remains adamant it is now on the path to recovery.
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NewsWickes owner Travis Perkins to slash jobs and close stores
Wickes owner Travis Perkins is set to slash 2,500 UK jobs and close 165 stores across its various brands due to weaker than expected demand for building materials due to the ongoing coronavirus pandemic.
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NewsCoronavirus: Travis Perkins pauses Wickes demerger due to ‘extreme volatility’
Travis Perkins has put its planned demerger of home and DIY business Wickes on hold in light of “extreme stock market volatility”.
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NewsWickes hails ‘strong sales performance’ as demerger remains on track
Wickes has posted rising sales for its fourth quarter in 2019 as the DIY group’s demerger from Travis Perkins remains “on track”.
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NewsTravis Perkins names new Wickes chair as demerger progresses
Travis Perkins has appointed a new chair designate of Wickes as part of its ongoing process to demerge the businesses this year.
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NewsTravis Perkins says demerger of Wickes to be completed by middle of next year
Wickes owner Travis Perkins has hailed the progress it has made in its bid to offload the retailer and says the demerger will be complete by the second quarter of 2020.