Travis Perkins builds market share.
Investors Chronicle - magazine and web content, October, 2007
Trading conditions are getting tougher but Travis is still attracting more business Jonas Crosland
Travis Perkins has admitted that market growth in its sector is set to slow, but it still managed to push turnover ahead by 12.5 per cent in the nine months to September by increasing its market share. This was driven by an expansion in its network of trading centres, with 40 new merchanting branches opened so far this year.
The builders' merchant group is also starting to see improved profitability at its Wickes home improvement chain where headline turnover rose by 8.5 per cent and like-for-like sales per trading day increased by 5.7 per cent. However, competition remains tight as retailers start to chase what is turning out to be a shrinking market as...
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