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New shop coming to The Belfry in Redhill as Pep&Co prepares to close

new shop coming to the belfry in redhill as pep&co prepares to close
The planned closure of the clothing store will follow that of Carpetright in the High Street
Dorking Leatherhead Advertiser Also reported by •Surrey Mirror

Sales lift at Carpetright

New business secured with housebuilders and insurers has seen floor coverings retailer Carpetright lift interim pre-tax profit 15.8% to £11m. Group revenue rose 9% to £258m, and the firm hailed a..
teletext

Even after all the store closures, Mothercare's position still looks precarious

even after all the store closures, mothercare's position still looks precarious
Like struggling retail counterparts Carpetright, New Look and House of Fraser, Mothercare believes that store closures through a CVA will give it the breathing room it needs
MailOnline Also reported by •thisismoney.co.uk

If you’d invested in: NEX Group and Carpetright

London based stock exchange NEX Group saw a 70% rise in it share price, and is to be acquired by US exchange operator CME Group. But things are going wrong for flooring retailer Carpetright. The..
MoneyWeek

Carpetright, New Look, House of Fraser: Why 2018 is the ‘year of the CVA’

carpetright, new look, house of fraser: why 2018 is the ‘year of the cva’
A gale is blowing through UK high streets, and retail and restaurant chains are feeling the sting. In this cut-throat environment, Toys R Us, Maplin and Poundworld have all gone to the wall.
MailOnline Also reported by •thisismoney.co.uk

UK: What Do House Of Fraser, Byron Burger, Carluccios, Mothercare, Prezzo And Carpetright Have In Common? - Reed Smith (Worldwide)

These are just a few of the big high street names which have sought to compromise their obligations to creditors in recent months via a company voluntary arrangement (CVA).
Mondaq

Sales drop at Topps Tiles against weak consumer environment

sales drop at topps tiles against weak consumer environment
Topps Tiles suffered a drop in sales during the third quarter, as a weaker consumer environment weighed on performance. But unlike many other retailers, Topps is continuing to expand and..
City A.M.

Number of CVAs rockets by 143 per cent over last six months

number of cvas rockets by 143 per cent over last six months
The number of restaurants in financial distress has rocketed by 143 per cent in the last six months as more struggling businesses turn to the Company Voluntary Arrangement (CVA) to curtail..
City A.M.

Last Week in the City: Amazon buys a pharmacy

last week in the city: amazon buys a pharmacy
Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (25 to 29 June 2018). The FTSE 100 traded little over the week, despite..
City A.M.

Carpetright has its work cut out for itself

carpetright has its work cut out for itself
Carpetright released its full-year figures, and they were broadly in line with expectations. Revenue slipped by 3% to £443.8 million, while the consensus estimate was £450.85 million. The..
City A.M.

Carpetright floored by £8.7m loss as closures loom

carpetright floored by £8.7m loss as closures loom
Carpetright, which is planning to close five stores here with the potential loss of around 15 jobs, has swung to a loss as the retailer battled with rapidly declining sales.
Belfast Telegraph

Carpetright’s problem is too many doors — not too many portals

Retailer has control of its destiny as CVA allows it to exit a further 81 stores
FT.com

FTSE LIVE: Carpetright swings to a full-year loss; London stock recovers some lost ground

ftse live: carpetright swings to a full-year loss; london stock recovers some lost ground
The FTSE 100 has rallied slightly this morning, but struggling floorings retailer Carpetright reported a loss spearheaded by dwindling consumer confidence in the UK and increased competition.
MailOnline Also reported by •thisismoney.co.uk

Carpetright rolls into the red after consumer slowdown and supplier jitters knock full-year profits

carpetright rolls into the red after consumer slowdown and supplier jitters knock full-year profits
Carpetright made a loss amid ‘tough trading conditions’. It has been granted permission to close 81 shops after claiming the portfolio was unsustainable.
MailOnline Also reported by •thisismoney.co.uk

Carpetright swings to loss as it shuts stores in bid to stay afloat

carpetright swings to loss as it shuts stores in bid to stay afloat
The retailer made an underlying loss before tax of £8.7 million for the year to 28 April, having made profit of £14.4 million the year before
Tamworth Herald Also reported by •Independent

Carpetright suffers stock shortages as it slumps to a £70m loss


Telegraph.co.uk

Carpetright takes £71m loss as restructuring hits business

carpetright takes £71m loss as restructuring hits business
It's been a rocky start to the year for Carpetright, as it has been for many retailers. After announcing the closure of 81 stores in April, investors approved a £60m recovery plan earlier this month..
City A.M.

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