Belfast Telegraph

UK Website Of The Year

Floorings firm Carpetright rolls out profits of £6.6m

By Roger Baird

Published 01/07/2015

Carpetright has focused on a more contemporary market
Carpetright has focused on a more contemporary market

Floorings firm Carpetright returned to bottom line profit for the first time in three years on the back of a recovery in UK sales and a turnaround at its continental stores.

The Essex-based firm, which has 460 UK shops, posted statutory pre-tax profits of £6.6m in the 53 weeks to May 2, against a loss of £7.2m.

Underlying pre-tax profits jumped almost three times to £13m as the group put a series of profit warnings behind it. Shares lifted 5%.

It said in the UK like-for-like sales jumped 7.3% from falling 0.2% the previous year in its best sales performance for five years, leading underlying operating profits to lift by a third to £14.3m.

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.

Carpetright 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?

Read More


From Belfast Telegraph