Wickes sees Focus acquisitions help sales

Builders' merchant/DIY/gardening retailer Travis Perkins 2012 first-half underlying operating profits rose two per cent to £143m.

Wickes saw a drop in sales for big ticket items - image: Wickes
Wickes saw a drop in sales for big ticket items - image: Wickes

Chief executive Geoff Cooper says that profits would have been £10m higher with normal weather conditions.

Profits were helped by stores bought from the defunct Focus chain. Overall market volumes down five per cent year-on-year, Travis Perkins' like-for-like sales fell by 0.7 per cent in the six-month period.

Wickes saw a marked contraction in big-ticket item sales, but strict cost controls and improvements in the supply chain meant that operating margins rose on the general and specialist merchanting side.


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