DIY sales support Wickes as big-ticket items still off the table Retail Wickes has reported another drop in big-ticket home improvement sales as Brits continue to shy away from large purchases. The company also announced a new share buyback programme of £20m, which will start in April 2025. The retailer reported a one per cent drop in revenue in the year ended December 28, from £1.5bn last [...]
Wickes: Share price jumps as recovery gets underway Retail Wickes has reported an uptick in the revenue for the second half of the year, driven by small retail purchases and lower losses in its installation segment. The company’s share rose more than 10 per cent in early trades. Revenue at the home improvement firm rose by 1.8 per cent in the six months ending [...]
Wickes returns to growth but warns pent up DIY demand is easing Business Home improvement firm Wickes reported it had returned to growth over the summer today but warned its sales were likely to wane as pent up DIY demand eases in the coming months. The London-listed retailer reported a 2.1 per cent growth in revenue, or 0.4 per cent on like-for-like metrics, with retail revenue growing by [...]
Wickes profit down by almost a quarter as sector struggles September 10, 2024 Profit at British DIY and home improvement retailer Wickes fell by almost a quarter over the past six months as sales slowed across the entire home improvement market. The London-listed company, which is headquartered in Watford, reported an adjusted pre-tax profit of £23.4m during the six months ending 29 June, 2024, down just under 25 [...]
Wickes: Brits still holding back on big-ticket items as DIY goods preferred July 31, 2024 Wickes reported a mixed set of results for the half of the year, with consumers still unwilling to spend on big-ticket items but happy to buy DIY retail goods. Overall group sales fell by 3.4 per cent in the 26 weeks to June 29 at the London-listed company. Revenue in the second quarter fell by [...]
Londonmetric sells off £30m of former LXi assets following ‘mega-merger’ May 30, 2024 Property firm Londonmetric has sold more than £30m worth of retail units, including an Asda supermarket and two former Cazoo showrooms.
Wickes announces fall in overall sales, guidance unchanged May 1, 2024 Retail sales rose by 0.6 per cent in the period, making it a year of positive retail sales growth for Wickes. The group said retail sales were driven by increased transactions rather than inflationary prices.
Wickes chief gets inflation-busting pay rise after ‘proving himself’ March 21, 2024 The chief executive of Wickes has been handed an inflation-busting pay rise after 'proving himself' in the role.
Wickes plots expansion in home solar energy market after slight profit boost in 2023 March 19, 2024 Pretax profit in 2023 was slightly higher than 2022, rising to £41.1m from £40.3m.
Wickes returns to ‘volume growth’ and ‘on track’ trading expectations after two year hiatus November 3, 2023 The home improvement retailer reports volume growth for the first time since 2021.