// Toolstation has opened its 400th store in Balham, South London
// The tools and DIY supplies retailer is owned by Travis Perkins
Toolstation has just opened its landmark 400th UK store in Balham, South London.
The news comes after Toolstation opened 67 branches last year and now has plans to launch a further 60 in 2020.
Toolstation is part of the Travis Perkins Group, which also owns Wickes.
It had a turnover of £354 million in 2018 and in the third quarter of 2019, sales increased 21.3 per cent and 15.4 per cent on a like-for-like basis, marking 10 straight quarters of double-digit growth.
READ MORE: Travis Perkins announces new CEO as John Carter resigns
“We are bucking the trend, with our growth coming from delivering convenience for our trade customers through their buying experience and as a low-cost, lean and efficient business,” Toolstation managing director James MacKenzie said.
“This is demonstrated by our branch format, which is smaller than traditional retailers, fitting well into industrial estates and even on local high streets.”
He added: “2020 is set to be another big year for us with the continued expansion of our retail network.
“We will also be adding to our product range and maintaining low prices, in turn supporting our customers.”
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