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The Wickes DIY and home supplies store on Winterstoke Road in Ashton will shut on Saturday for the last time, with the lease on the store running out.
The DIY chain said customers are turning to Wickes because of its lower-cost home improvement products.
Wickes reveals profits fall amid fading DIY demand The group posted a 38.4% slump in pre-tax profits to £40.3 million for 2022 and cautioned that sales have started 2023 also on the backfoot.
DIY sales at Wickes slipped as shoppers opted for “ paint rather than paving”, but a strong performance among local traders and for kitchen refurbishments meant revenue ticked slightly up.
Wickes has announced it will return £25 million to investors through share buybacks as it cheered signs of a recovery in under-pressure DIY sales. The chain, which also trades as a builders ...
Retailer Wickes has become the latest DIY firm to reveal slumping profits and trading under pressure as the pandemic boom in home improvement fades.