Carpetright bullish on future
Carpetright has issued atrading statement ahead of it its AGM re-iterating the Company's belief in the continued improvement in trading conditions in the UK.Historically, Carpetright has not provided any additional information on trading performance at the AGM, since it falls only five weeks after the first quarter trading update given in early August.
'We have seen our principal nationwide competitor, Allied Carpets, enter into administration and significantly reduce its number of stores. We are securing more insurance business each week and have secured contracts to supply a number of house builders,' chairman and chief executive Lord Harris said.
'We have a central warehouse and cutting facility, which has the capacity to significantly increase volumes at minimal additional costs. Finally, the mortgage approval data is providing an indicator that the market will be stronger in the Spring of next year,' he added.
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