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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.'

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