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
United Carpets reviews viability of stores

United Carpets has warned it that it may close its more poorly performing stores as the consumer downturn makes its increasingly difficult for the floor covering and beds retailer to turnaround its failing stores.

GENERAL MERCHANDISE

United Carpets reviews viability of stores

United Carpets has warned it that it may close its more poorly performing stores as the consumer downturn makes its increasingly difficult for the floor covering and beds retailer to turnaround its failing stores.

In a statement issued today United said: "The Board has resolved to review a number of stores in order to ascertain whether they can remain viable under the current franchise model. The purpose of any rationalisation of the group's store portfolio would be to meet the more stringent criteria which it is felt are required to trade successfully in these difficult times and to prevent an accumulation of poorly performing stores creating an unsustainable financial burden on the group."

The company has been forced to terminate a number of franchises since its year-end in March, which it said was likely to have a detrimental effect on profits.

United said a significant proportion of its franchise network was finding it increasingly difficult to operate satisfactorily, and had particular issues in meeting their liabilities both to creditors and the group.  This was despite United’s "considerable" investment in technology and changes to  management, and "substantial" ongoing financial support.

The retailer did not say how many stores had closed in recent weeks but its website states that there are 85 stores across the UK, the majority of which are franchises.

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