All Carpetright articles – Page 18
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OpinionCarpetright rules the roost
Lord Harris must be licking his lips. The carpet king has long dominated the sector but the collapse of his nearest rival Allied Carpets is set to consolidate his control of the UK’s floorings market.
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NewsCarpetright eyes Allied Carpets’ ‘hidden gem’ insurance business
Carpetright is in talks to acquire all or parts of the Allied Carpets Inspections business as it makes a play for the insurance market.
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OpinionFailed retailers rarely manage a comeback
The collapse and subsequent re-emergence of Allied Carpets has prompted a bigger response on Retail Week’s website than any story we’ve ever run – beating the previous record-holder, last month’s pre-pack of Birthdays, by a short head.
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NewsUnited Carpets to rise as Allied Carpets falls
The collapse of all but a rump of the Allied Carpets chain is likely to benefit not just market leader Carpetright but AIM-listed United Carpets.
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NewsEmbattled Focus strikes Carpetright concessions deal
Focus, which is awaiting confirmation of continued support from its banks, has struck a deal with Carpetright for the floor coverings specialist to open concessions in its stores.
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News70% of old Woolworths stores still lie vacant
Most of the former 800 Woolworths stores that closed when the retailer collapsed in January still lie vacant, as landlords struggle to find tenants in the harsh trading conditions.
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AnalysisCarpetright founder Lord Harris of Peckham profiled
In the week of Carpetright’s results its founder admits the market has never been tougher. But he is certain that good retailers will emerge stronger. By Nicola Harrison
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NewsCarpetright sets sights on joining FTSE 100 elite
The UK’s biggest floorings retailer Carpetright has shelved plans for privatisation so that it can grow the business into a FTSE 100 company.
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NewsCarpetright profits tumble 72 per cent
Carpetright’s group pre-tax profit has slumped 72 per cent to £16.7m in the 52 weeks to May 2, 2009 as the domestic performance pulled down the group.
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OpinionTrouble on the Allied (Carpets) front
A trip to Croydon’s Purley Way does much to put Allied Carpets’ recent difficulties in perspective. This is a location where Allied Carpets and rival Carpetright are side by side, providing a straightforward compare and contrast exercise.
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NewsCity encouraged by general retail outlook
Food stocks dipped this week while general retailers continued to outperform, with brokers encouraged by some prudent management outlined in the updates.
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NewsCarpetright targets high street as property prices plummet
Carpetright, the UK’s largest flooring retailer, is shifting its focus from out-of-town back to the high street to take advantage of falling rents, which have plunged by as much as 50 per cent.
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NewsCarpetright director John Kitching leaves board to focus on sister brand
Carpetright executive director John Kitching will leave the retailer’s board to focus on his role as managing director of sister brand Storey Carpets.Kitching will leave the board of the UK’s largest flooring retailer at the end of this financial year on May 2, 2009.He will remain at Carpetright to “concentrate ...
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AnalysisRetail finance directors: More than just number crunchers
No longer just bean counters in ivory towers, the role of the finance chief has evolved, and those who can marry the maths with commercial nous are in high demand.
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NewsCarpetright increases ad spend as it focuses on TV to halt sales slide
Carpetright will up its ad spend 15 per cent and alter its marketing strategy as sales fall in the tough big-ticket furniture sector.
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NewsCarpetright like-for-likes continue to slump as margins slip
Carpetright’s like-for-like sales have continued to tumble but it has successfully renegotiated its banking terms.
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OpinionCarpetright on solid ground
The latest BRC retail sales figures showed that while some sectors were up after several months of poor trade, the furniture and floor coverings sector worsened. But next week we may well see one retailer faring better than most in its sector – Carpetright.
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News
Carpetright invests in ads as rivals flounder
Carpetright is to plough more cash into its advertising this year as it seeks to take advantage of competitors suffering in the recession.
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News
Carpetright UK and Ireland like-for-likes slip
Carpetright’s UK and Ireland like-for-like sales fell 2.9 per cent in the five weeks to January 31.