THE RETAIL BULLETIN - The home of retail news
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
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Carpetright UK like-for-likes up 1.4% in fourth quarter

Carpetright, the carpet and floor coverings retailer, has reported that its UK like-for-like sales were up 1.4% in its final quarter despite tougher market conditions in the period.

HOME & DIY

Carpetright UK like-for-likes up 1.4% in fourth quarter

In the 12 weeks to 22 April, like-for-like sales in its Rest of Europe business, which includes The Netherlands, Belgium and Ireland, increased by 1.4% in local currency terms as the retailer continued to benefit from improving economic confidence and positive currency impact.

In a statement, Carpetright said it anticipates full year profit to be within the current range of market expectations, albeit towards the lower end.

Wilf Walsh, Carpetright chief executive, said: "In common with other retailers in the home improvement sector in the UK we have experienced tougher trading conditions over the last three months. Having said that, we are pleased to report continued like-for-like sales growth, with an increase of 1.4% in our fourth quarter.

"Trading in the Rest of Europe was in line with our expectations, underpinned by a continuing recovery in economic confidence, particularly in the Netherlands.”

During the quarter, Carpetright accelerated its UK store refurbishment programme which meant 188 stores were trading under its new brand identity by the period end. In addition, three new stores were opened in Liverpool, Leeds and Bath.

Walsh added: "Following a further acceleration of the investment programme in the final quarter we have completed 188 store refurbishments - surpassing our target of 150 stores, which represents over 40% of the UK estate. Despite the inevitable disruption factor, the performance of these refurbished stores has been encouraging giving us confidence to continue with the programme.”

 

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 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