Wickes first-quarter sales rise as investment in range drives momentum
Wickes owner Travis Perkins has posted a jump in first-quarter retail sales.
Improvements in range drove “encouraging” trading momentum in its consumer division, which contains Wickes, Toolstation and Tile Giant. Sales growth was “particularly pleasing” given the earlier Easter weekend and “positive momentum” of its three retail businesses.
Wickes, which accounts for the majority of revenues in the consumer division for Travis Perkins, said sales were driven by investments in price, enhancing the product range and improving customer service.
Travis Perkins boss John Carter said:
“All of our businesses demonstrated good growth in the first quarter of 2016. The consumer division maintained the strong momentum established in 2015, with excellent like-for-like growth." He continued, “Our three priorities remain unchanged – the modernisation of Travis Perkins, the transformation of Wickes and improving the performance of the restructured plumbing and heating division.”