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Wickes hails ‘bright’ outlook as young renters leading home improvement demand
March 23 (Reuters) – UK home improvement retailer Wickes (WIX.L) said on Thursday the outlook in its local market remains “bright”, buoyed by young renters spending more to spruce up their accommodation.
The outlook contrasts with other European and US home improvement retailers who have painted a dull picture for the sector amid elevated inflation and a cost-of-living crunch.
“People that don’t own their homes are actually improving the homes that they rent and live in, and we’re doing really well here as 18- to 35-year-olds are our fast growing cohort of customers,” CEO David Wood said in an interview…