THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Carpetright UK like for likes rise

Carpetright has posted a rise in like-for-like sales in UK and RoI in the 13 weeks to August 1

CITY & CORPORATE

Carpetright UK like for likes rise

Carpetright has posted a rise in like-for-like sales in UK and RoI in the 13 weeks to August 1

The UK and Republic of Ireland business recorded a sales increase of 6.6 per cent, with like-for-like store sales up an encouraging 1.4 per cent, the first quarter of like-for-
like sales growth since Q4 2007/08. A net 14 stores have opened in the UK and RoI, increasing the total number of stores to 5812.

In the Rest of Europe growth slowed as a consequence of weakening economic conditions. In constant currency terms Rest of Europe sales improved by 0.9 per cent, with like-for-like sales down 2.8 per cent. Two stores have closed in the period taking the store base in the Rest of Europe to 126 stores.

Lord Harris of Peckham, Chairman and Chief Executive, said: 'We have continued to perform well in a tough trading environment and the sales achieved in the first quarter have provided an encouraging start to the financial year.

'By successfully leveraging our operational efficiencies and economies of scale, we have the ability to react decisively as opportunities arise. The recent announcement of the proposed closure of 150 Allied Carpets stores is one such opportunity.

'Our discussions with the housebuilders and insurers continue to make good progress and these initiatives, along with the further development of Sleepright and our European business, ensure we remain well placed to trade resiliently. All of this continues to give me confidence in the future of Carpetright.'

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019