Essential reading for retailers and suppliers in the home improvement market

Carpetright sees figures decline

Published: 14 December 2010
Interim results for the 26 weeks to October 30 2010 show the floorcoverings retailer's sales slipped 4%, while underlying pre-tax profit tumbled 28.1%.
Carpetright sees figures decline
Commenting on the results, chairman and chief exec Lord Harris of Peckham described the first half of the year as "challenging".

Revenue in the period was £248m, down from £258m in 2009. Underlying profit before tax decreased from £13.9m in 2009 to £10m.

However, Lord Harris underlined that the business has continued to trade profitably despite the current economic environment and said he believed the business is "well positioned to deliver future sales growth when consumer demand in our sector improves".

The period saw the business continue its roll out of bed departments in existing stores, with 176 trading at the half-year point "generating a new income stream and adding to the strength of the company," said the report. Bed sales were up more than 30% in the period and more bed departments are planned for the second half.

The focus going forward will also be on opening "smaller, profitable High Street stores" in line with strategy over the past year.


(Your email address will not be published)
2 + 8 =  
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories