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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

Homebase on the brink: 11,000 jobs at risk as sales plunge 10% with 70% of stores now in the red

homebase on the brink: 11,000 jobs at risk as sales plunge 10% with 70% of stores now in the red
Bosses at the ailing home improvement chain want to bring back axed concessions such as Laura Ashley and Habitat and even introduce new ones such as Carpetright and Pets Corner.
MailOnline Also reported by •thisismoney.co.uk

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Sharp tumble in UK retail sales [Video]Sharp tumble in UK retail sales

Gloomy reports from consumer-focused companies, including Carpetright and Dignity, as rising prices squeeze households' spending with sales dropping their most since June 2016 ► Subscribe to..

Financial Times -   01:41

 

Homebase to close a quarter of its stores

homebase to close a quarter of its stores
Homebase is to close roughly a quarter of its stores, resulting in the likely loss of more than 1,000 jobs. The chain's new owner Hilco Capital, which also owns HMV, is to outline plans to close 60..
City A.M.

Retailers under pressure as profit warnings double to seven-year high

retailers under pressure as profit warnings double to seven-year high
The number of FTSE-listed companies issuing profit warnings rose by 13 to 58 in the second quarter, an increase of 29 per cent compared to the same period last year, according to an EY report published..
City A.M.

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

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.

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