Toolstation, part of the Travis Perkins Group, recently celebrated the significant milestone of opening its 400th branch. The new outlet, on the Zennor Road Trade Park in Balham, was officially opened at a launch event on Friday 24 January.
The 400th branch opening follows a period of sustained growth that is set to continue into 2020. The business has enjoyed ten consecutive quarters of double-digit growth whilst the most recent Q3 trading results showed growth of 21.3%, and 15.4% on a like for like basis. For the Travis Perkins Q3 2019 trading update, click here.
Trade brands such as Trend and Everbuild were in attendance, showcasing their products and talking to customers. And in an attempt to win a DeWalt Combi drill, rugby fans were able to try their luck at the Toolstation rugby kick and pass challenge.
As well as being the 400th nationwide, the Balham branch is the 64th in London and forms part of the Group’s ambition to double the number of stores in the capital in the coming years.
In 2019, Toolstation opened 67 new branches nationally, creating 800 new jobs. In London, nine new branches opened and 67 jobs were created last year and this growth looks set to show no sign of slowing down with a similar number of new branches planned to open in the year ahead.
James MacKenzie, Managing Director, commented: “Toolstation is one of the fastest growing retailers in the UK. As well as having market leading products at great prices, we make it easy for our busy trade customers to buy online and pick up from store. The 400th Store in Balham has free parking and complements the other 63 stores in London, which means a Toolstation is never far away.”