Belfast Telegraph

UK Website Of The Year

Credit plan helps to increase business at Carpetright

By Roger Baird

Published 22/04/2015

Carpetright is on track for stronger than expected annual profits
Carpetright is on track for stronger than expected annual profits

Floor coverings retailer Carpetright showed signs of progress after revealing it is on track for stronger than expected annual profits.

The Essex-based firm, which runs 459 UK stores including seven in Northern Ireland, said strong trading momentum saw its like-for-like sales jump 10.5% in the 12 weeks to April 18.

The business now expects its profits for the year to May 2 to reach £13m, topping City forecasts of between £10m and £11m. Shares jumped 7%.

The retailer, under chief executive Wilf Walsh, has focused on a more contemporary market, and has kept discount levels under tight review while also introducing interest free credit to the business on Boxing Day.

It has launched a trial of smaller high street stores, which will feature a sample-only premium product, and has emphasised the importance of the internet for driving customers into its shops.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph