Business

Travis Perkins DIY sales rise despite tough times

bag of cement
Image caption Travis's market share continued to grow but the sale of kitchens and bathrooms fell

Builders' merchant and DIY retailer Travis Perkins says the sector is still suffering from overcapacity, despite a rival going into administration.

In a trading update, Travis, which owns the Wickes chain, announced a rise in sales so far this year after gaining market share from competitors.

Last week, Focus DIY stores went up for sale after it fell into administration.

But Travis chief executive Geoff Cooper said the sector was over-supplied and his firm may not buy any Focus stores.

The firm might look at "cherry picking" some of the best Focus sites, but there might be only a couple of interest, he said.

Travis, which trades from 1,827 branches across the UK, reported a 5.9% increase in revenue for the four months to 30 April, despite the wider market showing barely no growth.

"[Our] market share's coming from pretty much everyone in the market," Mr Cooper said.

However, one area not doing so well was the sale of kitchens and bathrooms, down 12% for the period.

Travis blamed this fall on weak consumer confidence.

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