Wickes boosted by rising showroom trade

In results posted today, total like-for-like (LFL) turnover per day for building materials & DIY retailer Wickes was up 0.6 per cent year-on-year in Q3.

The total LFL turnover for the whole 39-week trading period to October 2nd however was down 0.1 per cent.

Showroom sales continue to perform best for the retailer, rising 11.9 per cent during the year, which was an improvement on the 11.6 per cent increase during the first half.

Margins continue to be tight for the retailer, which previously recorded a LFL trading decline of 0.4 per cent in the first six months of 2010, and the demand for big ticket items appears to have fallen in recent months.

Wickes’ parent company Travis Perkins Ltd, which also sells building merchant materials, recorded a rise in group turnover of six per cent in the first six months of 2010.

Source : Retail Gazette