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Carpetright Warns Of Lower Profits

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Quick, we need a Help-To-Carpet scheme!

It is called HTB2

They seem to be going for the outlast the competition strategy rather than shrink and adapt to a different environment (fewer housing transactions and hence less flooring changes). Much easier for people to shop around on line these days.

How much of Carpetright business was done "on the tick" up to '07 (sub-prime carpet lending anyone?)

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Strange. Last updates were of rising sales. Now a profit warning and the chief exec is going after 17mths.

House purchase transaction volumes are nowhere near 2007. Return to 2007 volumes around the corner? Or by 2017? 2027?

Edited by Ash4781

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I have to walk past a depressing Carpetright store everytime I am on my way to the shops in sunny Haywards Heath. In spite of the fact that there has always been a sale on [always at least 30% off!, or so they say] since it opened at least ten years ago, I never see any customers in there. I simply cannot imagine how they have kept going. Mind you, exactly the same applies to the Laura Ashley shop on the opposite corner.

Edited by tiremola

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Good idea - open a flooring specialist designed to meet the exacting and discerning needs of the new landlord class.

A range of flooring that meets the following:

Cheap.

Wipe clean - no stain, no scratch.

Noise - not bothered.

Insulation - not bothered.

Looks - secondary.

What is it they say on Homes under the hammer? Along the lines if 'it's good enough for renting'

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I have to walk past a depressing Carpetright store everytime I am on my way to the shops in sunny Haywards Heath. In spite of the fact that there has always been a sale on [always at least 30% off!, or so they say] since it opened at least ten years ago, I never see any customers in there.

Carpet-sh*te investigated by OFT for exaggerated discounts

Edited by ticket2ride

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Another profit warning today. They have commented that they have not yet seen a recovery off the back of increased housing market transaction volumes in the UK. The analysts are pointing to the retail offer being poor. It is difficult to draw conclusions egs b and q owner kingfisher reported good sales numbers and home retail - Argos and homebase too.

I suppose the increase in the volumes could be in the newbuild sector.......

Edited by Ash4781

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Another profit warning today. They have commented that they have not yet seen a recovery off the back of increased housing market transaction volumes in the UK. The analysts are pointing to the retail offer being poor. It is difficult to draw conclusions egs b and q owner kingfisher reported good sales numbers and home retail - Argos and homebase too.

I suppose the increase in the volumes could be in the newbuild sector.......

I was reading recently that Brits are ditching wood flooring and going back to carpet in a big way.

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I was reading recently that Brits are ditching wood flooring and going back to carpet in a big way.

Gotta meet the GDP figure somehow

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The bellwether house builders shares, Barrats went up today by 1.36% and is up 49.25% on the year. Taylor Wimpey up 0.95% today and 28.38% over the 12 months.

One of my favourites to keep an eye on, Topps Tiles reported a few days ago that it expected profits to increase 70% for the first 6 months of 2014, being the highest in 5 years.

Edited by Take Me Back To London!

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