Home / Knowledge / News / Textiles / Carpetright makes good progress in Netherlands, Belgium & Poland
Carpetright makes good progress in Netherlands, Belgium & Poland
06
Aug '08
Carpetright plc, Europe's leading specialist carpet and floor coverings retailer, publishes its Interim Management Statement for the first 13 weeks of its financial year, representing the trading period from 4 May to 2 August 2008.

Group sales decreased by 9.2%, with the store base at 686 stores by the period end.

The UK and Republic of Ireland business recorded a sales decrease of 14.8%, with like-for-like store sales down by 15.4%. Despite this, there has been further improvement in the gross margin. Within the UK and Republic of Ireland, five stores opened during the period and five have been closed, maintaining the total number of stores at 559, including 60 concessions and 38 Storeys stores.

Our business in the Rest of Europe (The Netherlands, Belgium and Poland), continues to make good progress, with sales in local currency improving by 8.2%, with like-for-like sales in local currency flat. Gross margin in these territories has continued to improve. On 30 June 2008, we completed the €7.8 million acquisition of the trade and assets of Ben de Graaff Tapijt, a floor coverings retailer in the south of The Netherlands. This acquisition brings the store base in the Rest of Europe to 127 stores.

There have been no significant changes to the financial position of the Group since the publication of the Preliminary Results on 1 July 2008.

Lord Harris of Peckham, Chairman and Chief Executive, said: As expected, our UK and Republic of Ireland business has had a demanding first quarter, particularly by comparison to what was our strongest quarter last year and against a background of the lowest levels of consumer confidence and mortgage approvals since records began. Our businesses in the Rest of Europe have, however, continued to make solid progress.

The trading environment in the UK has become more difficult and we can see this continuing for the rest of our financial year. However, we believe that our recent operational improvements enhance our resilience to challenging market conditions and that our strong competitive position will enable the business to continue to grow market share.

The Group will report its pre-close trading update for the first half of its financial year on 28 October 2008.

Carpetright plc


Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Larry L Kinn
Suominen Corporation

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

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Nisha Chanda
Whistling Woods International School of Fashion

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

Ritu Kumar
Label Ritu Kumar

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

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search