Carpetright Share Discussion Threads

[bouleversee] 04/10/2018 09:25

When I became aware that things had started to go sour earlier this year I called in at the relatively new Carpetright in Gerrards Cross and asked the manager how things were doing there and he assured me that they were doing very well. I must check if it's still there and how it's doing now.

[ignoble] 04/10/2018 08:32

I have a local Carpetright situated next to a Marks Food Hall.
Always comment to my wife that in the years we have been going to Marks that I have yet to see anyone in Carpet right.
Oddly , in the last couple of weeks have seen a few people in the store.

[howden32] 04/10/2018 08:26

Well well well, another drop it seams. Why don't they get put out of there misery and just fold . Or haven't the investors clawed there money back yet . The poor deluded staff, some still think they might pull it around.I feel sorry for most of them, Well at least when they do close them, Tapi may take some of them on or even scs

[davycarpets] 03/10/2018 15:56

19p creeping closer !!!!

[meijiman] 29/9/2018 16:01

I's time for a profile piece in the papers on the wonderfully talented ceo-NOT

[davycarpets] 29/9/2018 14:48

Hope it after they pay the staff there redundancies!!!

[howden32] 29/9/2018 08:00

It Doesn't look like it will be long now . The poor staff. All been poorly informed from higher management When is it they declare there losses ? If the shares are dropping now , what will happen then?

[dayder1] 24/9/2018 16:58

I'm not sure about the 72 , but Chiswick wasn't on the original list so maybe things have changed as a result of landlords making decisions for them.

[davycarpets] 21/9/2018 15:34

I here on grapevine 70 only closed ?

[dayder1] 21/9/2018 11:59

https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/business-43737262Chiswick not listed yet closed (moved to Brentford) on 19th sept

[davycarpets] 20/9/2018 17:07

Does anyone know how many of the planned 92 stores have or are closing by 23rd September?

[dayder1] 20/9/2018 13:42

Chiswick branch closed today !

[only who?] 18/9/2018 11:09

Different world. A lot of the mighty have fallen, and plenty more to follow, sadly.

[kumala] 15/9/2018 13:52

Anyone remember reading extracts from accounts, like the one below, but more importantly receiving the divi? back in the day.



Carpetright PLC
Final Results
Carpetright PLC
25 June 2002
Carpetright plc.

Record results and European acquisition

Carpetright plc, the UK's leading specialist carpet retailer with 347 stores
trading at the year end, today announces its preliminary results for the year
ended 27 April 2002 as well as its first venture into the European carpet
retailing market.

Trading Highlights

• Pre-tax profit increased 17.8% to a record £52.5 million

• Like for like sales up by 6.7% against last year

• Total sales of £361.5 million, up 12% overall compared to last year

• Gross margin up against last year by 0.8 percentage points to 58%

• Earnings per share improved by 15.5% to 48.4p

• Recommended final dividend per share of 20p (up 25%), making 33p for
the year

• Cash balances £6.2 million, after £10.6 million freehold purchases,
£16.0 million other capital expenditure and £4.2 million share
repurchases.

Lord Harris, Chairman and Chief Executive, said:

'I am pleased to announce profits for Carpetright at £52.5 million for the last
financial year, an increase of 17.8% and gross margin up to 58%. We have
focused the year on improving the gross margin and on holding our administration
costs which means we finish the year with a net operating margin of 14.4% up
0.6%.'

'We continue to gain market share and with our new store opening programme and
our new five metre cutting warehouse facilities at Dolphin Park, West Thurrock
we expect to make further progress this financial year.'


'We are also very pleased to announce that Carpetright has acquired 50% in
Carpetland nv, the leading carpet retailer in Belgium, Holland and Luxembourg,
for approximately €15 million. Carpetland nv has 92 stores and a market share
of 5-6%. Carpetland nv last year had sales of €94 million and made a pre-tax
profit of €3.8 million. In addition, Carpetright has acquired certain of the
freehold and long leasehold properties from which Carpetland nv operates for
approximately €35 million .'


'Carpetright will take management control of the joint venture and we expect it
to be earnings enhancing in the current financial year.'

The final ordinary dividend of 20p per share (2001: 16p) will be paid on 27
September 2002 to shareholders registered at the close of business on 13
September 2002, subject to shareholders' approval at the Annual General Meeting
to be held on 13 August 2002. An interim ordinary dividend of 13.0p (2001:
11.0p) per share was paid on 22 February 2002 giving a total ordinary dividend
for the year of 33p (2001: 27p) per share.

I am pleased to report that Carpetright plc achieved another record pre-tax
profit of £52.5 million for the year to 27 April 2002, an increase of 17.8%
compared to last year. Sales for the year were 12% up on last year to £361.5
million, 6.7% up on a like for like basis.

Gross margin has grown 0.8 percentage points to 58%, driven from the increase in
participation in sales from higher price cut length product cut in our increased
warehouse facilities.

Gross margin improvement combined with ongoing operational efficiencies and cost
management have delivered a net operating margin of 14.4%, an improvement of 0.6
percentage points on last year.

K

[rubberbullets] 14/9/2018 20:02

15p target

[only who?] 14/9/2018 18:25

CPR still running no doubt expensive TV ads. There must be better ways of rearranging the deckchairs.

[kumala] 14/9/2018 13:12

100% Agree.I think its shamfull how the company has been led to this... ive been here since day 1. Very sad to see, fortunatly im no longer holding, but for those who are.... not one person is in profit (except for shorters of course)CheersK

[davycarpets] 14/9/2018 11:26

Basics is too easy for them they think they know the product and market but someone in head office needs to look at tapi and see how it's really done not guessing like they have for the last 4 years.........changes at the top before Christmas or it's there LAST CHRISTMAS!!!

[kumala] 14/9/2018 10:55

Yes for sure. CPR has lost its way, I know high street/outatown trading is not what it used to be 20 years ago with the take up of the internet etc..and lots a high street shops closing. but Tapi is doing ok so are smaller i dependants... something has to change drasticly in CPR... and i thi k they should start by getting back to basics.K

[loganair] 14/9/2018 09:07

Sounds like the wife.....

[davycarpets] 14/9/2018 09:01

They love to waste money they can make it disappear before they earn it !!!

[kumala] 14/9/2018 08:01

Howden: im refering to confrence calls to stores.....CheersK