Carpetright sales floored
European business makes good progress whilst UK is hit by the harsh trading environment compounded by the closure of the Allders concessions
Lord Harris, Chairman and Chief Executive said ‘Trading in our UK and Republic of Ireland business has remained difficult due to a weak consumer environment combined with strong comparatives from last year, as we have highlighted previously. Total sales for the first 15 weeks decreased by 7.3 per cent, with like for like sales down by 7.5 per cent. The net 0.2 per cent difference is from additional Carpetright space of 2.3 per cent offset by a 2.1 per cent decrease arising from the closure of the Allders concessions.’
‘Our business in Belgium and The Netherlands continues to make good progress with total product sales in local currency increasing by 6.3 per cent. Gross margin has shown further improvement on last year.’
‘In this tough trading environment Carpetright has continued to take market share in all the countries in which it trades.’
