Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 11°C

Search

UK: Carpetright sales continue to recover

PUBLISHED: 09:15 29 January 2013 | UPDATED: 09:15 29 January 2013

Sales have continued to pick at at Carpetright as it revamps its stores network

Sales have continued to pick at at Carpetright as it revamps its stores network

CARPETRIGHT rolled out another improvement in sales today as its turnaround strategy of store refits and expanded ranges continued to pay off.

With 122 of its 476 stores now modernised, the floor coverings retailer said like-for-like sales were 3.2% higher in the UK in the 13 weeks to January 26.

This was faster than the rate of 0.7% seen over the previous half-year, although Carpetright’s progress in the UK has been offset by more dismal trading in the rest of Europe, where like-for-like sales were down 11.5%.

As the company enters the peak spring season for home improvements and house moves, recently-appointed chief executive Darren Shapland said the company was on track to meet profit expectations for the year.

It made profits of just £4million in its most recent financial year, compared with £62m in 2008.

Mr Shapland took over from veteran boss Lord Harris of Peckham early last year and has stepped up “self-help initiatives” such as store refits and the roll-out of its bed business and laminate range to more stores.

By the end of the financial year in April Carpetright expects to have 180 stores, 40% of the current UK store estate, under the new look, with a more contemporary feel that is easier for customers to shop in.

Outside the UK, the company has seen continued sales weakness in the Netherlands, where it has 95 stores, against solid performances in Belgium and Ireland. As a result, total group sales were down 1.6% in the quarter.

Search hundreds of local jobs at Jobs24

0 comments

A 12-lane bowling alley, a laser quest arena and a ‘ninja warrior’ style assault course are among the exciting entertainment announced to open at the Buttermarket Centre in Ipswich this August.

Luxury yacht company Spirit has secured an order for what will be the biggest sailing yacht yet built at its newly-expanded facility in Ipswich.

Temporary power solutions company Midas is improving the sustainability – and security – of its generators through the use of technology developed by machinery manufacturer JCB.

A Bury St Edmunds ingredients and catering equipment supplier said it was “chuffed” after securing a mention in a cookbook by a top London restaurateur.

With Prime Minister Theresa May due to trigger Article 50 today, East Anglian business leaders have outlined their priorities for the two-year negotiation over the UK’s exit from the EU.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24