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 in the UK following the acquisition of Sleepright in December 2008.
Business objective and strategies
The primary financial objective of the Group is to deliver long-term sustainable growth in earnings per share and cash flow. We aim to achieve this through the following strategies:
Modernising the estate
Introducing a new format with a more contemporary feel in which it is easier for customers to shop.
Adjusting the portfolio
Managing our store base to exploit opportunities which deliver better overall profitability.
Enhancing our range of floor coverings and services
Ensuring we continually improve and develop our flooring product ranges to provide consumers with a market leading product choice which offers great value, backed up by excellent customer service.
Optimising digital as part of a multi-channel offering
Extending the reach of Carpetright's brand by developing our online presence.
Developing our bed proposition
Developing a bed proposition as a complementary revenue stream to our core floor coverings business, offering consumers a wide choice at competitive prices.
Simplifying our processes and a focus on cash management
To provide the flexibility to offer competitive prices and improve our service, we have a programme of activity to simplify and reduce the cost of processes, alongside a focused approach to cash management.
We aim to act responsibly towards all our stakeholders, including customers, suppliers, employees and the communities in which we operate. Our annual Corporate Responsibility Report is available in the CR pages of this website.