Overcast

Overcast

max temp: 9°C

min temp: 6°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

Teen robbed of phone and bike

Police are appealing for help to find two men who robbed a teenager at knifepoint.

Suspected gas explosion on Federick Road in Gorleston.

 Picture: James Bass

Two people have been taken to hospital following a suspected gas explosion near Lowestoft.

The new community cinema launched in St Mary's Church in Bury. Joanna Rayner and Rev Cannon Malcolm Rogers are pictured.

A Bury St Edmunds church is turning into a cinema as it intends to hold free community film events over the coming year.

@TheRec in Stowmarket

Six buildings in Suffolk are in the running to win awards dished out by the Royal Institute of Chartered Surveyors.

Cobbolds Point, Felixstowe, by Peter Smith, is on show as part of the Suffolk Creative Photographic Group exhibition at Woodbridge Library during March

From broody compositions to sun-kissed scenes – an exhibition of photographs currently on display at a Suffolk library has a bit of everything to offer.

Ipswich Hospital

A woman was been taken to hospital with a suspected broken arm and rib after falling from a horse.

Work continues to repair the collapsed sewer in Woodbridge Road, Ipswich.

A bus driver has said emergency roadworks in Ipswich town centre are causing “absolute chaos”.

Children at Capel St Mary Primary School celebrating World Book Day with a bedtime story event

Pupils from schools across Suffolk and Essex have been celebrating this year’s World Book Day in style by dressing up and getting involved with a host of book-related activities.

Man suffers serious facial injuries in Chelmsford

Police are investigating how a man came to be found in a road in Chelmsford with serious facial injuries.

Pupils and staff at Bunnies Day Care in Combs Ford take part in a superhero day.

Children at a Suffolk nursery have been imitating their favourite superheroes and princesses.

Most read

Most commented

Topic pages