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Travis Perkins: we're gaining market share

Published: 15 May 2008
Claims gains in slowing markets.
Travis Perkins has announced continuing market share gains in its retail division.

In a statement to an annual general meeting to shareholders it said the retailing division total turnover for the 17 week period ending April 26 was up by 3.3%.

Tile Giant represented 1.8% of this increase and Wickes 1.5%.

For this period, Wickes like-for-like sales per trading day were down 3.0%, with core products down 2.8% and showroom sales down 3.9%.

Like-for-like daily turnover in the last eight weeks was down 4.9%.

"Our retailing business has also continued to grow both its like-for-like and total market share in this period, with gains from a number of product range extensions and refreshes," Travis Perkins said.

The Group also announced that it has refinanced its existing five year borrowing facility, which was arranged in 2004 to facilitate the acquisition of Wickes and which was due for repayment in December 2009.

The new £1billion facility which has a duration of five years from April 2008 will be used to support network expansion.

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