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04th of July 2011
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News Tag: Carpetright

June 28, 2011

TJ Hughes on verge of administration

by Kay Mitchell
Department store chain TJ Hughes has today revealed it is set to enter administration. The Liverpool-based store has more than 50 outlets across the UK and has a headcount of 4,000 – which are all at risk. The company said it will be appointing an administrator over the next week or so, unless a buyer can be found for the business. In March, the ...

Carpetright profits hit by challenging conditions

by Kay Mitchell
Carpetright has today added to the doom and gloom surrounding the retail sector by announcing a 70% fall in annual profits. The company blamed "very challenging trading conditions” after profits for the year to 30 April came in at £6.6 million – down from £22.3 million a year ago. Meanwhile, annual revenues were down 6% at £486.8 million. The figures come on the same ...

April 7, 2011

Halfords and Carpetright issue profit warnings

by Kay Mitchell
Retailers Halfords and Carpetright have both issued profit warnings, as UK consumers are squeezed in the face of rising inflation and Government spending cuts. Car parts and bicycle retailer Halfords lowered its 2011 estimate for profits before tax to £124 million-£127 million, down from £127 million announced earlier this year. The retailer blamed the "tougher consumer environment" as well as "product cost pressures" ...

July 17, 2009

Struggling Allied Carpets enters administration

by Kay Mitchell
Jobs are at risk after Allied Carpets has gone into administration as the property market crash and economic downturn has meant fewer people are buying carpets and flooring. Last month, rival Carpetright announced a 72% slump in profits after sales fell 7.4% compared with a year ago. Meanwhile, BDO Stoy Hayward, which has been appointed as administrator to Allied Carpets, said 400 jobs ...

June 30, 2009

Carpetright cautious for year ahead as it posts 72% fall in profits

by Kay Mitchell
Carpetright, which has been hit by the housing market slump and the recession, has today posted 72% decline in full-year profits. Britain's largest carpet retailer reported a pre-tax profit of £16.7 million in the year to May 2, compared with £59.5 million for the same period a year ago. Annual revenues were down 7.4% from a ...

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