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Carpetright like-for-like sales up 4% in the UK

Carpetright has reported that its UK like-for-like sales grew by 4% in the 25 weeks to 24 October.

GENERAL MERCHANDISE

Carpetright like-for-like sales up 4% in the UK

Total sales rose by 2.5% compared to the same period in the previous year.

Like-for-like sales in the carpet retailer’s Rest of Europe business, which includes the Netherlands, Belgium and the Republic of Ireland, increased by 5.7% in local currency terms. Total sales edged up 2.7% but after the impact of currency movements this translated to a 6.9% decrease in total sales.

Carpetright opened five stores in the UK during the period and has closed 27 in the year to date. This has left the company with a total of 438 UK trading locations.

Wilf Walsh, Carpetright chief executive, said: "I am pleased to report that the group continued its positive trading performance during the period. In the UK we delivered encouraging sales growth against strong comparatives in the prior year and continue to gain market share. Sales in the Rest of Europe have also continued to recover.

"Our aim to revitalise the Carpetright brand is on track. We have made further progress with the strategy of rationalising and repositioning our store portfolio and are encouraged by the early performance of our four trial concept stores in the UK."

Carpetright said trading in the year to date remains in line with management's expectations and that its full year profit expectations are unchanged.

The company will report its interim results for the first half of the current financial year on 15 December 2015.

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