grey shark Posted June 30, 2009 Share Posted June 30, 2009 http://news.bbc.co.uk/1/hi/business/8125788.stm Carpetright has reported a 72% slump in annual profits, saying it has been hit by both the weakness in the housing market and the wider recession.The carpet and floor coverings retailer made a pre-tax profit of £16.7m in the 12 months to 2 May, down from £59.5m for the same period a year earlier. Annual revenues at the firm declined 7.4% from a year ago to £482.8m. Carpetright said it did not expect to see trading conditions improve for at least another 12 months. "I have said before that I expected my 51st year of selling carpets to be extremely challenging, and it has proved to be the case," said chairman and chief executive Lord Harris. "Market conditions and consumer confidence declined throughout the year." Looks like profits have fallen through the floor ....... Quote Link to comment Share on other sites More sharing options...
Ron Forthehills Posted June 30, 2009 Share Posted June 30, 2009 There must be some under-laying factors that they haven't yet got to grippers with. sorry. Quote Link to comment Share on other sites More sharing options...
THE BALD MAN Posted June 30, 2009 Share Posted June 30, 2009 http://news.bbc.co.uk/1/hi/business/8125788.stmLooks like profits have fallen through the floor ....... Their marketing director has been carpeted and are trying to weep the results under the carpet Quote Link to comment Share on other sites More sharing options...
spord Posted June 30, 2009 Share Posted June 30, 2009 They've had the rug pulled out from underneath them. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 30, 2009 Share Posted June 30, 2009 Has this news boosted the share price? Quote Link to comment Share on other sites More sharing options...
SarahBell Posted June 30, 2009 Share Posted June 30, 2009 Isn't the govt introducing a new carpet tacks? Quote Link to comment Share on other sites More sharing options...
juvenal Posted June 30, 2009 Share Posted June 30, 2009 Green shoots are wilton in the carpeting world...... Quote Link to comment Share on other sites More sharing options...
Moo Posted June 30, 2009 Share Posted June 30, 2009 Has this news boosted the share price? It wouldn't surprise me if it had. Under the circumstances, that's a pretty good performance. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted June 30, 2009 Share Posted June 30, 2009 They've had the rug pulled out from underneath them. You're on a roll. Quote Link to comment Share on other sites More sharing options...
three pint princess Posted June 30, 2009 Share Posted June 30, 2009 That's an impressive 51 year prediction. "I have said before that I expected my 51st year of selling carpets to be extremely challenging, and it has proved to be the case,"said chairman and chief executive Lord Harris." Quote Link to comment Share on other sites More sharing options...
3 Men In A Boat Posted June 30, 2009 Share Posted June 30, 2009 (edited) That's an impressive 51 year prediction."I have said before that I expected my 51st year of selling carpets to be extremely challenging, and it has proved to be the case,"said chairman and chief executive Lord Harris." Ahh, but what more would you expect from Lord Harris of Peckham His first delivery van... Edited June 30, 2009 by 3 Men In A Boat Quote Link to comment Share on other sites More sharing options...
Bob Loblaw Posted June 30, 2009 Share Posted June 30, 2009 There must be a floor in their business plan Quote Link to comment Share on other sites More sharing options...
Austin Allegro Posted June 30, 2009 Share Posted June 30, 2009 They're in a pile of trouble - ewbank on that! Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted June 30, 2009 Share Posted June 30, 2009 They're rebranding as 'Carpet Tight' Quote Link to comment Share on other sites More sharing options...
juvenal Posted June 30, 2009 Share Posted June 30, 2009 They're in a pile of trouble - ewbank on that! There's 1001 reasons to go with that opinion. Quote Link to comment Share on other sites More sharing options...
Kilham Posted June 30, 2009 Share Posted June 30, 2009 They've taken a beating... Quote Link to comment Share on other sites More sharing options...
monks Posted June 30, 2009 Share Posted June 30, 2009 Does anyone know if they have got a sale on at the moment ? Quote Link to comment Share on other sites More sharing options...
dylanthecat Posted June 30, 2009 Share Posted June 30, 2009 maybe they should do an interest free, buy now pay later scheme these are always good Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 30, 2009 Share Posted June 30, 2009 There must be some under-laying factors that they haven't yet got to grippers with.sorry. No - that's GOOD! Quote Link to comment Share on other sites More sharing options...
HAIR BEAR CRUNCH Posted June 30, 2009 Share Posted June 30, 2009 No - that's GOOD! my advice is for them to tread more carefully in the future Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 30, 2009 Share Posted June 30, 2009 my advice is for them to tread more carefully in the future Excellent! Quote Link to comment Share on other sites More sharing options...
Yorkshire Lad Posted June 30, 2009 Share Posted June 30, 2009 They are truly shag piled Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 30, 2009 Share Posted June 30, 2009 They are truly shag piled They have no moral fibre.... [1/10 ] Quote Link to comment Share on other sites More sharing options...
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