Partly Cloudy

Partly Cloudy

max temp: 24°C

min temp: 15°C

ESTD 1874 Search

UK: Carpetright sales continue to recover

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.

shares

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.

shares

0 comments

Millions have been paid to passengers since 2012

There was a £900,000 increase in the amount paid to delayed passengers in just one year – from £1.4m in 2013/14 to £2.3m in 2014/15.

Anne Holt of Baker Tilly.

East Anglia’s many ports and logistics businesses are being advised to prepare for new European Union customs duty arrangements which come into force next year.

Alan Cowie, communications and events officer at the| New Anglia Growth Hub.

New Anglia Growth Hub is to host a funding workshop, bringing together five providers of business support under one roof.

The Birketts Tour de Wellbeing cycle team, from left, Matthew Potter, Ben Burt, Jolyon Berry (front) Greg Jones and Tom Shape.

Members of the employment team at regional law firm Birketts raised more than £1,000 for Breast Cancer Care by taking part in the Tour de Wellbeing virtual cycle race, held by EMCOR UK to coincide with the Tour de France.

A plane in Flybe's latest purple livery.

Regional airline Flybe has confirmed its 2015-16 winter schedule to and from Stansted.

The head office of BT, the BT Centre, in Newgate Street, central London.

Thousands of BT workers are to share in a £265million payout under share-related savings schemes which will see some employees making gains of more than £54,000.

Lloyds has added £1.4billion to its bill for compensating customers mis-sold payment protection insurance.

State-backed Lloyds Banking Group’s provision for payment protection insurance mis-selling has topped £13billion after it yesterday took another £1.4billion hit over the scandal.

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Development of Sizewell C took a huge step forward today as the companies were announced that will build its sister nuclear power station in Somerset.

Gary Allen, operations manager,  with Diane Allen and Graham Allen at Ipswich-based Ajax Domestic Spares which is celebratiing 40 years in business.

Ajax Domestic Spares has marked 40 years in business in style by launching a new showroom in Foxhall Road, Ipswich.

The Great House restaurant with rooms in Lavenham.

An award-winning Suffolk restaurant has gained another accolade after being ranked the 26th best in the country.

Most read

Most commented

Topic pages