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The Guardian - UK

Business

Mark Sweney

DIY chain Wickes says its energy costs could rise by 75% in 2023

Wickes Victoria Scholar Inflation

A Wickes store — Wickes says ‘uncertainties remain regarding consumer confidence and operating cost inflation’. Photograph: Maureen McLean/Rex/Shutterstock

The DIY chain Wickes has said its energy costs could rise by £7.5m next year – a 75% increase – and warned of growing uncertainty regarding consumer confidence.

The home improvement retailer said that total sales grew by 2.6% in the third quarter, strengthening in September after wilting during the heatwaves in July and August.

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