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Wickes and Toolstation "continue to outperform the market" in Q3

Published: 19 October 2016 - Jenny Wonnacott

Travis Perkins Plc, parent company to Wickes and Toolstation, has released its figures for the third quarter of 2016, with total sales growth of 3.4% and like-for-like increases of 2%.

Wickes and Toolstation have been heralded as market leaders by bosses at Travis Perkins
Wickes and Toolstation have been heralded as market leaders by bosses at Travis Perkins

Wickes and Toolstation grew sales by 9.1% for the 13 weeks ending October 1, with like-for-likes up 6.3%, bringing the two year LfL figure up to 8.8%. For the year-to-date, the retailers showed sales growth of 9.2%, LfL up 6.4% and two-year LfL up 11.9%.

Bosses put the increases seen at Wickes and Toolstation down to "investments in better value, improving range, in the supply chain, in the convenience offered by the growing network of stores and in the delivery service," adding that both retailers were "materially outperform[ing] the market."

The Wickes new store format is, according to Travis Perkins, delivering "significant improvements in sales and returns." Twelve Wickes stores wree refitted during the quarter, bringing the total number of stores operating in the new format to 50. The retailer has also been improving its multichannel delivery, with delivery slots of choice having been recently launch. A trial of deliveries within an hour is also underway.

Toolstation, meanwhile, has reduced the lead time on Click & Collect goods and Travis Perkins has now launched a two hour Click & Collect nationwide. Further investments in value as well as range enhancement and extension in Wickes, Toolstation, Benchmarx and Travis Perkins are also "delivering both a better customer experience and improved returns for shareholders."

Source: Travis Perkins Plc

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