Travis Perkins has announced that it closing 30 of its outlets due to an “uncertain UK outlook” for next year.
The company is closing branches of Travis Perkins, Benchmarx, BSS and PTS, but not its DIY chain Wickes.
Chief Executive John Carter said it was still too early to predict customer demand in 2017 with certainty. “Given this uncertainty we will be closing over 30 branches and making further efficiency driven changes in the supply chain,” he said.
The announcement was made alongside the group’s third-quarter trading update which showed that total group sales had risen by 3.4% and by 2.0% on a like-for-like basis.
However, like-for-like sales in its heating and plumbing division fell 4.1% in the face of worsening trading conditions. Meanwhile, its the consumer-facing chains Wickes and Toolstation put in strong performances with overall like-for-like sales growing 6.3%.