Travis Perkins has reported that both Wickes and Toolstation have posted strong like-for-like sales growth in the company’s first quarter.
Like-for-likes at Wickes grew by 10.5% in the first three months of the year. The main growth came in the retailer’s core DIY categories and its kitchen and bathroom categories. The uplift in kitchens and bathrooms comes after B&Q stopped offering installation services to its customers.
Like-for-like sales at Toolstation grew by 19.1%. This was down to the continued expansion of its store network and the launch of a new website. It plans to open 60 new stores in the UK this year, and also plans to expand into Europe.
John Carter, Travis Perkins chief executive, said: “Toolstation continues to grow extremely well, driven by network expansion and existing stores maturing. Wickes posted encouraging sales growth figures in both core DIY and showroom categories, demonstrating a strong turnaround in kitchen and bathroom performance.”
