Carpetright performance in line with expectations
Carpetright has said its trading was in line with expectations in the 12 weeks to 20 April and reported that its UK like-for-likes sales improved “significantly” in the period.
In a trading update, the retailer said its rest of Europe business was also ahead of the corresponding period last year, driven by a strong performance in the Netherlands.
Wilf Walsh, Carpetright chief executive, said: “This has been a transitional year for Carpetright and we remain on track both with our recovery plan and our strategic initiatives. The actions taken are driving improvement, particularly in the invested store estate, and the brand remains strong.”
The retailer said it remains on target to achieve its previously announced £19 million of annualised cash savings.
Walsh added: Whilst consumer confidence remains challenged in the UK, the work we have done to reposition the business is starting to deliver the benefits necessary to put Carpetright back on the path to sustainable profitability.”
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