Wickes is set to have its options reviewed by parent company Travis Perkins has part of its wider plans to simplify the business.
In a statement, the company, which also owns the Toolstation chain, said it would aim to strengthen Wicke’s performance and capitalise on its competitive advantage in the DIY, small trade, and kitchen and bathroom markets.
Travis Perkins said it would also expand Toolstation and focus more on its trade customers and achieve sales growth by building on the momentum in its contract merchanting businesses.
Elsewhere, the company was exploring a potential sale of its plumbing and heating division.
“We have developed a clear plan to focus on delivering best-in-class service to our trade customers, and to simplify the group to reduce complexity, speed up decision making and reduce costs,” Travis Perkins chief executive John Carter said.
“Our trade businesses hold strong positions in attractive markets, and these initiatives will enable us to concentrate our management time and capital in the highest returning areas.”
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