THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Like-for-like sales growth slows at Wickes in third quarter

Travis Perkins has reported that like-for-like sales growth at its consumer division, which includes Wickes, Tile Giant and Toolstation, slowed in its third quarter.

HOME & DIY

Like-for-like sales growth slows at Wickes in third quarter

Travis Perkins has reported that like-for-like sales growth at its consumer division, which includes Wickes, Tile Giant and Toolstation, slowed in its third quarter.

In the three months to 30 September, growth fell to 2.4% from 6.3% in the same quarter a year ago. The company said this was mainly due to more subdued growth in Wickes and “increasingly difficult” market conditions.

John Carter, Travis Perkins chief executive, said: “Trading conditions in our markets continue to be mixed, with consumer discretionary spending under pressure from rising inflation and on-going uncertainty in the UK economy.”

The company said it is continuing to roll out the Toolstation network in the UK and the Netherlands and that the business had achieved “excellent” like-for-like and overall sales growth.

Across the wider Travis Perkins group, third quarter sales rose by 3.5% with a like-for like uplift of 4.1% following a significant improvement in the sales performance at its plumbing and heating division.

Carter added: “We have delivered a good like-for-like sales performance across the group in the third quarter against a challenging market backdrop of input cost inflation and market volatility.

”We maintain our confidence in the long-term fundamental drivers of our markets, and this underpins our plan to invest in our businesses to improve our customer propositions and extend our competitive advantage."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2018
The HR Summit 2018
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues