Essential reading for retailers and suppliers in the home improvement market

Carpetright sees profits drop 72%

Published: 2 July 2009
National floorcovering retailer Carpetright has announced a 72% slide in pre-tax profits for the 12 months to May 2.
Carpetright sees profits drop 72%
The retailer saw revenues decline 7.4% in the period, but it was pre-tax profit that really took the hit, with the total declining to £16.7m from £59.5m the year before.

Carpetright chief executive Lord Harris of Peckham described trading conditions as the worst he's ever known in his 51 years of selling carpets and that he didn't expect trading to begin to normalise for "at least 12 months".

"I have said before that I expected my 51st year of selling carpets to be extremely challenging and it has proved to be the case," he said. "Market conditions and consumer confidence declined throughout the year, leading to a reduction in sales volume and profitability.


(Your email address will not be published)
7 + 3 =  
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