Essential reading for retailers and suppliers in the home improvement market

Carpetright restructure restores confidence amongst customers

Published: 25 April 2019 - Fiona Garcia

The carpet and floorcoverings retailer announced LFL sales in its UK operations were up “significantly” in Q4, as customer confidence in the business started to return following the group’s restructuring last year.

In the financial update for the 12 weeks ended April 20, 2019, Carpetright said overall trading performance in the period was “in line with expectations”. As well as an upward sales trend in the UK, the retailer was pleased to report that trading in the rest of Europe has continued to track ahead of the same period last year, driven by a strong performance in the Netherlands.

It’s good news for the retailer, which saw its performance dented by the ongoing recovery plan and said it expected trading to be heavily impacted by disruption, as it downsized its portfolio, closing around 65 UK stores.

Carpetright chief executive Wilf Walsh said: “This has been a transitional year for Carpetright and we remain on track both with our recovery plan and our strategic initiatives. The actions taken are driving improvement, particularly in the invested store estate, and the brand remains strong.  Whilst consumer confidence remains challenged in the UK, the work we have done to reposition the business is starting to deliver the benefits necessary to put Carpetright back on the path to sustainable profitability.” 

Carpetright added that the business remains on target to achieve previously-announced cash savings of £19million.  

The business will announce its full-year results for the 52 weeks ended April 27, 2019 in June.


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

What do you think?

Has there been a greater uptake from retailers sourcing British-made products in the face of Brexit?

Latest reader comments

re: B&Q invites suppliers to pitch at Innovation Open Day

Brian Eacersall
Hi B & Q innovations Team.I have already sent in an e-mail outlining my design using the request to become a supplier route.However I ...

re: excels in Which? website survey

Muhammad idrees
Good service and price also good...

re: Mike Ashley calls Debenhams administration a “national scandal”

m orourke
How can senior management at debenhams stay in post whilst abdicating their responsibilies to a bunch of consultants to save the buisness ...

re: B&Q and Valspar partnership to "transform the paint market in the UK"

Tony Turner
A bit of context: first decorating undertaken in 1968, have continued to decorate at DIY and professional level ever since, Wife has ...

re: Builder wins Toolstation's prize draw pick-up

Brian Easton
Brilliant delivery, much help from Daniel and Shakil...

Most read stories