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Wickes saves personnel and loses nearly six per cent

Wickes reports weaker kitchen and bath showroom sales in the first half of the year.

Wickes reports weaker kitchen and bath showroom sales in the first half of the year.

The British DIY store chain Wickes made 5.8 per cent less sales in the first half of the year than in the same period of the previous year. On a like-for-like basis, sales decreased by 7.7 per cent. After three openings and two closures, the branch network has grown by one to 245 stores. According to the company report by the parent company Travis Perkins, Wickes is currently implementing an extensive cost reduction plan. This includes personnel reduction with branch staffing being controlled to match trading volumes and a significant restructuring in the head office functions in May, reducing headcount by a third.

| 1 August 2018


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