Carpetright
This coverage focuses on Carpetright’s activities and performance within the UK retail sector. Reporting highlights store openings and closures, product range developments, marketing strategies, restructuring efforts, and leadership changes — all analysed for their impact on sales, market position, and customer engagement. The content is designed for retail professionals overseeing operations, merchandising, and strategic planning in the flooring and home improvement categories.
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Jan- 2019 -4 JanuaryComment
Carnage on the shop floor
The pressure on the retail sector has been a consistent staple for investors since the end of the financial crisis, partly as a result of changing shopping habits but also down to rising costs and outdated business models. This has been no better illustrated by the way UK consumers behaved…
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3 JanuaryAnalysis
Why the profit warning from ASOS has added to the retail gloom
Retailers are hoping for a busy New Year period following a very tough year of trading. Much of the current market analysis and speculation has placed the blame for a host of high-street insolvencies on a rise in online shopping and skyrocketing rents for stores. However, the recent news that…
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Dec- 2018 -11 DecemberHigh Street
Carpetright swings to £11.7m loss in H1 results
Embattled retailer Carpetright has reported losses before tax of £11.7m for 26 weeks ending 27 October 2018, compared with the £600,000 loss recorded during the same period last year. Group revenue decreased by 15.7% to £191.1m, and underlying EBITDA declined by £1.7m, compared with the profit of £8.6m recorded during…
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Nov- 2018 -1 NovemberDIY
Carpetright announces HY trading to be ‘heavily impacted’ by restructuring
Carpetright has said trading in its half-year update for the 26-week period ending 27 October was “heavily impacted” by the company’s restructuring which included 67 store closures. It said like-for-like performance remained negative in this second part of the period however “there was an improvement in the trend, as the…
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Oct- 2018 -4 OctoberAdvice
What is an administration pre-pack, and how might it affect retail suppliers?
2018 has been a difficult year for retailers: East, Maplin, New Look, Carpetright, Carphone Warehouse, Poundworld, Mothercare, Toys ‘R’ Us, House of Fraser, and Homebase have all stumbled to varying degrees. For House of Fraser, Mike Ashley (via his SportsDirect group) arrived as a ‘white knight’, using an administration pre-pack…
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Jun- 2018 -26 JuneHigh Street
Carpetright woes as CVA activity results in £70.5m loss
Carpetright has reported a £70.5m loss before tax as a result of the cost and accounting impacts of the group’s restructuring activity. Total group revenue decreased by 3.0% to £443.8m and like-for-like sales for the full year declined by 3.6%, with the first eight weeks of the new financial year…
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6 JuneUncategorized
Carpetright secures 92% of £60m CVA funds
Embattled retailer Carpetright has managed to secure the majority of the £60m funding it needs to fund its company voluntary agreement (CVA) and restructuring costs. In April, the company proposed an issue of 232.5 million new shares through a placing and an open offer priced at 28p per share. The…
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May- 2018 -18 MayHigh Street
Carpetright to issue shares to raise £60m fund ahead of CVA
Carpetright is to launch a proposed share issue in order to raise around £60m to help fund its restructure and recovery plans. The carpet retailer is planning to issue off 232,463,221 new ordinary shares by way of a placing and open offer at a price of 28 pence per new…
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14 MayEconomy
Northern Ireland suffers most from UK retail struggles
Northern Ireland is suffering the worst of retail’s bad weather, showing a 7.3% drop in footfall and a retail space vacancy rate of 14.2%, 5% higher than the UK average. The figures from statistics and research firm, Springboard, show the country reporting its worst retail performance since 2015. The decline…
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4 MayEconomy
43,000 retailers in ‘financial distress’
Nearly 43,000 retailers ended the first quarter of the year in a state of ‘significant’ financial distress, according to research from insolvency firm Begbies Traynor. Its ‘Red Flag Alert’ research for Q1 2018, which monitors the financial health of UK companies, found the number of firms in the category was…
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