Essential reading for retailers and suppliers in the home improvement market

Wickes to cut 100 head office jobs

Published: 16 May 2018 - Kiran Grewal

Wickes has announced it will axe 100 head office jobs from its base in Watford as a cost-saving strategy amongst difficult trading conditions.

The retailer said: “In order to continue to drive growth for our business, we have been re-shaping our support centre to allow us to be leaner and more agile, and focus on key areas of growth in our multi-channel / digital businesses. The new structure will result in the reduction of approximately 100 out of 7,000 roles in the business. The business is committed to fully supporting all those affected.”

Owner of the DIY retailer, Travis Perkins Plc said in its third quarter report last year: "Despite continuing to invest in value to maintain price leadership in both Wickes and Toolstation, gross margin was unchanged in the period."

“We have delivered a good like-for-like sales performance across the group in the third quarter against a challenging market backdrop of input cost inflation and market volatility,” chief executive John Carter said.

“Trading conditions in our markets continue to be mixed, with consumer discretionary spending under pressure from rising inflation and on-going uncertainty in the UK economy.”

 

 

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


What's driving sales in the cleaning & laundrycare sector?



Latest reader comments

re: B&Q sales dip 2.5%, as showroom sales decline

B&Q bob
Screwfix sales are up because they position new stores close to B&Q stores but then price like for like products cheaper than within BQ ...

re: B&Q kicks off kitchen & bathroom recruitment drive

B&Q bob
Wickes are not alone, Wrens kitchens has seen large numbers of unappreciated BQ kitchen sales staff join them because of BQs attitude ...

re: Toolstation.com excels in Which? website survey

Roger Bishop
This was my first visit to toolstation in farnham but it will definatly not be my last the service was exceptional staff were welcoming i ...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

B&Q bob
Ms Laury has overseen perhaps the worst period of BQ history under her leadership, staff have had their wages cut while witnessing their ...

re: Screwfix opens 600th store as business continues to build

B&Q bob
Why is kingfisher giving screwfix lower prices to sell at than their BQ stores? Staff in B&Q suffer constant abuse from trade customers ...

Most read stories

Blog and Comment

Dawn of a new age in customer service

Customer service used to be about answering telephones and responding to written requests, but our fast paced, social media driven society ... Read More >>