Home Business NewsBusiness Travis Perkins could find life harder

Travis Perkins could find life harder

by LLB Reporter
1st Mar 22 11:20 am

We’re at a big turning point in society which could determine whether Travis Perkins continues its run of good luck or not. Covid and the associated lockdowns made people appreciate their homes more, which drove demand for repairs and improvements. That kept the tills ringing at Travis Perkins as tradesmen queued up for the kit needed to fix homes.

The backdrop for Travis Perkins is now less favourable. Plenty of people now back at work in the office means there is less focus on how the home looks. There is also pressure on family finances from rising inflation, so homeowners might put off doing those jobs around the house. Travis Perkins has its own problems dealing with higher input, wage and energy costs.

“The business has streamlined during the pandemic, selling its plumbing and heating arm and demerging Wickes. Being lean and mean is the name of the game these days, and a tighter focus has come just at the right time as things could get tougher from here,” said AJ Bell’s Russ Mould.

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