News | United Kingdom

Back

Travis Perkins decides to demerge Wickes

Travis Perkins retail group will demerge Wickes to shareholders as a standalone business.

Travis Perkins retail group will demerge Wickes to shareholders as a standalone business.

Another change has been announced in the British DIY market. Wickes, the number two in the market, is to be separated off from the Travis Perkins retail group. In its half-year report, it is stated that the board has decided to demerge Wickes to shareholders as a standalone business. The company intends to focus on advantaged trade businesses and the simplification of the group. Rumours to this effect had already surfaced in the British press in July.

The retail division of Travis Perkins, which operates the Tile Giant distribution channel in addition to Wickes, reported sales of GBP 695 mio (EUR 754 mio) in the first six months of 2019, equivalent to sales growth of 8.9 per cent. Wickes' like-for-like sales growth was 9.7 per cent.

Wickes has 241 stores in Great Britain, 125 of which have now been converted to a new format.

Travis Perkins continues to report high growth rates for the Toolstation distribution channel. Sales in the first six months increased by 23.1 per cent to GBP 208 mio (EUR 226 mio) and by 17.3 per cent in like-for-like terms. There were 21 new openings in these six months to the middle of the year, bringing the number of outlets to 365. 13 openings on the European mainland brought the total number there to 53 stores, including the first pilot store in Belgium. The new branches in the Netherlands are performing strongly, according to the half-year report, while the branch trial in France "continues to perform well".

|14 August 2019


More about the company
SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Taiwan Hardware Show bigger than ever before

In Taichung, the Taiwan Hardware Show is currently taking place until tomorrow, Saturday 19 October 2019 - "the biggest we've ever held," View news...

The Italian hardware show keeps growing

The fifth edition of Hardware Forum Italy, the hardware exhibition and conference event, organised by Koelnmesse, which takes place in partnership View news...

IPM on the modernised exhibition grounds

In 2020, the IPM Essen will be held on the completely modernised exhibition grounds for the first time. Eight large exhibition halls on one level, View news...

Davidsen may now take over Optimera

The Danish building materials trading company Davidsens Tømmerhandel has now officially taken over the Optimera chain in Denmark. The competition View news...