THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
United Carpets says early store trading has been encouraging

United Carpets has said early trading in its stores has been encouraging since the easing of lockdown and appears to reflect some initial pent up demand amongst… View Article

HOME AND DIY RETAIL NEWS

United Carpets says early store trading has been encouraging

United Carpets has said early trading in its stores has been encouraging since the easing of lockdown and appears to reflect some initial pent up demand amongst consumers.

In a trading update, the retailer said its store network is now fully open with the required social distancing and Covid-19 hygiene measures in place. 

It said losses during the period of enforced store closures have been mitigated as far as possible, although the company has also been focusing its attention on cash conservation and is currently in the advanced stages of negotiating additional funding under the Coronavirus Business Interruption Loan Scheme. As a result, it now believes the business will have sufficient liquidity to meet its requirements going forward during the remainder of the Covid-19 crisis period.

Paul Eyre, chief executive of United Carpets, said: “This has been an extraordinary period for all companies and particularly so for the retail sector. As a result of a strong balance sheet and the recent cash conservation strategy, we are confident of meeting our financial commitments and have sufficient funds to continue the recovery of the business over the coming months.”

 

 

Subscribe For Retail News