Wickes sales in the ascendant

Wickes

Wickes has reported a sales increase since its demerger from Travis Perkins. Group sales for the 26 weeks to 26 June ’21 rose by 33.1 per cent year on year and by 22.4 per cent on a two-year comparison basis. The business said the sales had been notably stronger through April driven by sales volumes in both local trade and DIY and continue to be underpinned by its digital capability, with May settling back in line with expectations. The 12th April re-opening of its Do It For Me kitchen and bathroom showrooms were building a strong lead and order pipeline which, it says, will deliver strong like for like sales growth in the second half. “This performance once more reflects the strength of our business model and the tremendous support from our colleagues who have worked with tireless dedication to help the nation feel house proud.”

With consumer interest in home and garden improvements remaining high, the only fly in the ointment surrounds supply chain issues which are affecting a number of retailers in Wickes’ sector. “Availability constraints and inflationary pressures across some raw materials have been well flagged,” added Wood, “but we have strong supplier relationships and are working closely with them to ensure we continue to provide customers with the products they need at the best possible value.”

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