UK: Wickes reports 7.4% revenue rise

The British DIY store chain Wickes has increased its sales in the year 2019 by 7.4% to GBP 1.342 bn. Like-for-like growth amounted to 8.6%. After twelve refits and one new store opened, 135 of the overall 235 Wickes stores will now be operated according to the new store format. As previously reported, the parent company Travis Perkins wants to demerge the Wickes chain. The demerger process is expected to be completed in the second quarter of 2020.