Travis Perkins getting back on its feet
By Sarah Wood | 8th September 2020
While profits have fallen at Travis Perkins, Britain's largest distributor of building materials, stores in Gloucestershire are starting to get back on their feet.
Profits at the company fell 81 per cent in the first half of the year (to 30th June), as coroanvirus halted construction work and slashed sales by a fifth, as reported by Reuters.
With many UK construction sites closed between late March and early May, the company, which also owns Wickes and Toolstation, cut 2,500 jobs and closed 165 stores.
The good news is that stores in Gloucestershire escaped the chop.
There are 10 Travis Pekins stores in the county - in Cinderford, Coleford, Lydney, Gloucester, Stroud, Tewkesbury, Cirencester, Bourton-on-the Water, Moreton-in-Marsh and two in Cheltenham. There are also branches of Wickes in Cheltenham, Gloucester, Cirencester and Toolstation in Gloucester and Cheltenham.
Ben, manager of Travis Perkins in Coleford, is feeling positive. He said: "We're flat out busy here, most of us are at the moment. They've already done the closures and we're still here. We're going for it and we're doing OK."
Travis Perkins' ongoing restructuring programme is set to save the business £120m annually.
The group has over 2000 stores and sites around the UK. It said adjusted operating profit fell to £42m for the first half of the year, down from £220m last year.
The company had been set to separate from Wickes, but said the demerger was on hold until markets became more stable and predictable.
Punchline said: "We're really pleased to hear that Travis Perkins stores in the county are still trading. We've been to them all while we're out delivering magazines and have always found staff to be welcoming and supportive. Our editor in particular is a huge fan and admits to spending a lot of money there over the years!"
Image credit: Google Maps 2018 Carole Simpson
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