Carpetright closes fiscal year positively | RetailDetail

Carpetright closes fiscal year positively

Carpetright closes fiscal year positively

British Carpetright has closed its fiscal year 2014/2015 positively, as turnover and its operating income grew, in the Netherlands and Belgium and for the entire group. The chain is also working on a new store formula.

"Positive turning point"

Turnover for the entire group grew 3.3 % to 462.6 million pounds (650 million euro), although the turnover increase was a mere 1.2 % for the Netherlands and 2.2 % for Belgium. The Dutch operating income grew 159.3 % compared to the year before, up to 1.3 million euro. Belgium does even better with a 251.7 % increase to 1 million euro. The group's operating income doubled to 14.6 million pounds (20.5 million euro). Carpetright has not divulged any additional numbers.

 

"I am very happy we have managed to reach this positive turning point this year. We have worked very hard, both at the main office and in our stores, to reach this goal. [...] Alongside new developments in our store formula makes me feel very positive for the new fiscal year", Nick Worthington (Carpetright Europe's CEO) said.

 

As stated, Carpetright is developing a new store formula with an increased focus on pricing and service. The first 4 pilot stores will open in the United Kingdom, with the very first having opened this past weekend. It also recently launched new product groups: Curtains and Window decoration.

 

It has also invested more into its staff: it will add a training academy in its main office, training staff in the area of products, service and customer relations.

 

Questions or comments? Please feel free to contact the editors


Ikea plans to cut 150 jobs, including in Belgium and the Netherlands

04/05/2018

Ikea will be cutting 150 jobs, some of them in the Belgian and Dutch branches as well. The plan is part of a major reorganisation effort to help prepare the furniture giant for the growing competition of large e-commerce players.

Beter Bed suffers from poor German results

02/05/2018

Dutch mattresses group Beter Bed Holding saw its first quarter turnover drop 4 % compared to last year. Turnover went down in Germany, where a poison scandal forced results down by 12 %, but Switzerland and Spain performed even worse.

Jysk targets 100 Belgian stores

23/04/2018

Danish Jysk will open another eleven stores in Belgium in 2018, bringing its total to seventeen. The Danish counterpart to Ikea aims to have about 100 stores in Belgium at some point.

Carpetright shuts down 20 % of its UK stores

13/04/2018

Carpetright, caught in a downward spiral in the past year, will shut down a fifth of its stores in Great Britain in order to remain afloat. 300 people will subsequently lose their job.

Ikea plans city store in heart of Paris

10/04/2018

Ikea is fully focused on becoming a global presence in urban centers. The furniture chain is currently looking for locations in Paris, Copenhagen, London and Southeast Asia to attract broader audiences with smaller stores.

“Ikea deducted a billion euro too much from its taxes”

29/03/2018

In the past six years, Ikea unlawfully deducted about one billion euro from its taxes according to the European Commission’s preliminary findings. The EC launched an investigation into the Swedish company’s deal with the Dutch treasury.