Wilko has posted a 3.7 per cent increase in its like-for-like sales for the year to February 3rd. However, it was impacted by additional costs in currency forward contracts as well as a store management restructuring programme. It had redesigned its website during the period and had also invested in its IT infrastructure, also opening 16 net new stores.
“Despite the tough trading environment, we have grown the business and won more customers as they are attracted to the quality and value of our offer,” commented Sean Toal, chief operating officer. Adding, “While we have taken some exceptionals during the year, the business is now set up to be in good shape as we undertake our new strategy for growth.”
Share