Carpetright sees UK improvement
Carpetright has seen an improvement in its UK performance in the past 12 weeks.
The chain said the ‘UK like-for-like sales trend improved significantly in the fourth quarter, compared to the year to date, as customer confidence in the business started to return following the group’s restructuring last year.’
Shareholders will have to wait until 25 June to discover the extent of the improvement when its full year results are released.
The chain said it was on course to achieve the £19m of coast savings it outlined at the time of the CVA.
This has been a transitional year for Carpetright and we remain on track both with our recovery plan and our strategic initiatives,’ says Wilf Walsh, Carpetright ceo.
‘The actions taken are driving improvement, particularly in the invested store estate, and the brand remains strong. Whilst consumer confidence remains challenged in the UK, the work we have done to reposition the business is starting to deliver the benefits necessary to put Carpetright back on the path to sustainable profitability.’
In the 12 weeks to 20 April trading in the Netherlands, Belgium and Republic of Ireland was ahead of last year ‘driven by a strong performance in the Netherlands.’