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 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

Pakistan’s textile exports up 5.81% in July-August 2017

The value of textile and garment exports from Pakistan increased by...

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Robert Brunner
Devereux

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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