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United Carpets gives Covid-19 update

United Carpets has said it is unable to provide guidance on the outcome for both its current and next financial year due to uncertainty surrounding the… View Article

HOME AND DIY RETAIL NEWS

United Carpets gives Covid-19 update

United Carpets has said it is unable to provide guidance on the outcome for both its current and next financial year due to uncertainty surrounding the coronavirus crisis.

In line with new rules introduced by the government to slow the spread of the Covid-19 pandemic, the retailer has closed all of its 58 stores and enabled staff who can perform their roles remotely to work from home. In addition, it is no longer fulfilling carpet orders until the government’s guidance on non-essential travel is lifted.

The retailer said trading across its store network held up comparatively well during early March, but that the temporary store closures will have a “significant and immediate” impact on revenue.

In a statement, it added: “The group is currently working through the government’s range of Covid-19 related, financial assistance packages and will utilise those elements which are beneficial to the business. While this extraordinary period continues the board will manage the business on a prudent and conservative basis.”

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