Wickes Expands, Creates 2,000 Jobs
Analysis based on 6 articles · First reported Mar 17, 2026 · Last updated Mar 26, 2026
The expansion plans of Wickes, including new store openings and job creation, are expected to positively impact its stock price and market share. The announcement of a £10 million share buyback program further signals confidence and could boost investor sentiment.
Wickes, a DIY chain, has announced significant expansion plans to increase its store network from 230 to 300 sites across the United Kingdom, creating over 2,000 new jobs. This expansion will involve opening 4-5 new stores this year, increasing to at least 10 annually from 2028, and a major refurbishment program for existing stores. The announcement was made alongside strong financial results for the year ending December 27, with underlying pre-tax profits rising to £49 million and sales increasing by 5.9%. David Wood, CEO of Wickes, highlighted the company's strong progress and investment returns. Wickes also announced a £10 million share buyback program. The job creation is particularly welcomed in the United Kingdom, given recent unemployment figures reported by the United Kingdom — Office for National Statistics.
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