Company Overview
Principal activities
Carpetright plc is Europe’s leading specialist floor covering retailer, selling a wide range of carpets, rugs, vinyls and laminates together with associated accessories. In addition, the product offering was extended to selling beds following the acquisition of Sleepright.
The Group trades from 695 stores organised and managed in two geographical segments. These are the “UK & RoI” (comprising the UK and the Republic of Ireland) and the “Rest of Europe” (comprising The Netherlands, Belgium and Poland).
The Group aims to be the first choice for all consumers by offering the broadest range of floor coverings, at the keenest prices, with unbeatable customer service.
Business strategies
The primary financial objective of the Group is to deliver long-term sustainable growth in earnings per share and cash flow. We achieve this through the following strategies:
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Focusing on floor coverings, ensuring that we improve and develop our product ranges to provide consumers with comprehensive product choice at the best prices;
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Developing a competitive bed proposition to be sold alongside floorcoverings, driving incremental contribution;
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Providing an inclusive offer which appeals to all segments of the market;
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Ensuring our customers receive excellent levels of service;
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Actively managing our store portfolio by a mixture of new store openings in areas where we are not represented, coupled with store relocations in areas where we are either over-spaced or where new units are available which deliver better overall profitability;
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Expanding into additional European countries where market opportunities exist;
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Achieving market leading positions, and an increasing market share, in each country in which we trade through the addition of new, profitable stores;
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Improving margins by better sourcing, continuous cost control and efficient management of stock levels and working capital; and
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Continuing to invest in training and developing our people to maintain a competitive advantage.