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Carpetright looks to trim Irish stores

CarpetrighttrucksCarpetright says its has too many stores in the Republic of Ireland and will look to reduce the number in the face of falling sales.

Sales fell by 5.5% to E8.6m in the year to 27 April as it closed one branch, reducing numbers to 20. Like for like sales dropped by 1.3%.

‘This business has an oversized store footprint which we are looking to reduce as opportunities arise. We believe at the core of the Irish business, we have a strong operation focused on the major cities that is capable of delivering value to the group once we have an economic operating footprint.’

Carpetright’s Irish stores have an average lease length of 3.3 years.