Home / Knowledge / News / Textiles / Wet weather helps to boost Carpetright sales in UK
Wet weather helps to boost Carpetright sales in UK
26
Jul '12
Carpetright plc, Europe’s leading specialist carpet and floor coverings retailer, announces a trading update for the 12 weeks ended 21 July 2012.

Highlights:

UK

- Like-for-like sales2 in the UK increased by 1.7%, continuing the positive trend experienced in the second half of the last financial year. Total sales in the UK declined by 2.1% due to the reduction in the number of stores year on year.

- Store base decreased by four during the period to 486, of which 63 have now been refurbished.

Rest of Europe

-   In local currency terms, total sales in the Rest of Europe (Netherlands, Belgium and the Republic of Ireland) decreased by 5.2% with like-for-like sales down 6.3%. After allowing for the movement in exchange rates, this translates to a total sales decline in Europe of 13.6%.

-   Store base increased by one to 143 and commenced a trial selling beds in one store, in the Netherlands.

Darren Shapland, Chief Executive, said:

“We continue to be encouraged by the like-for-like sales growth within the UK business. Excluding the expected decrease in sales from the wholesale business3, our core UK retail business would have reported like-for-like sales growth of 5.3%.  This reflects, in part, the success of self-help actions such as the development of our bed proposition, extension of our laminate range to more stores and the impact of our store refurbishment programme. We also recognise that, this period does include some benefit from the unusually wet weather, which has produced consistently positive customer footfall to our stores.  The gross margin for the period continued to improve in line with our previously announced expectations and we continue to project the full year to be in the range of 200-250 basis points above the prior year.

“The key driver in the performance of the Rest of Europe has been the deterioration of consumer confidence producing a weak and volatile floor coverings market in the Netherlands. The Republic of Ireland and Belgium continued to deliver sales growth.

“The result for this first quarter is in line with management's expectations and at this early stage, our expectations for the year as a whole remain unchanged.”

Carpetright


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search