Wickes reports drop in sales

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Wickes reports drop in sales

By Alexandra Leonards

26/5/2022

Sales at home improvement retailer Wickes declined by 0.6 per cent in the first five months of the year.

Core like-for-like sales were down 7.2 per cent, while its Do It For Me (DIFM) arm saw sales jump by more than 30 per cent.

In comparison to pre-covid levels, total group sales were 22.4 per cent ahead.

The company’s boss said that the business is remaining mindful of the uncertain macroeconomic environment.

“This performance is testament to the strength of our uniquely balanced business – across Trade, DIY and DIFM – and it has been achieved against strong prior year comparatives,” said David Wood, chief executive, Wickes. “I am particularly proud of our long-term performance, with sales remaining significantly ahead of pre-lockdown levels.

“Our growth levers are delivering strong returns and we are excited about our plans to optimise our store estate with refits and new stores.”

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