Chairman and chief executive Lord Philip Harris told the Times: “Despite the continued uncertainty about economic recovery, we believe we are growing more quickly than the market in all our territories, reflecting the appeal of our value for money proposition.” The company has made a good start to the second half of the year and Lord Harris is confident about future progress, with like-for-like sales in the UK growing 3.9 per cent in the six months leading up to the end of October – the business’ best performance since 2004. Lord Harris believes the company’s recent success has been helped by the collapse of rival, Allied Carpets, as well as the beginnings of a recovery in the housing market; a rise in the demand for new houses means a rise in the demand for carpets.
Lord Harris, a carpet salesman from the age of 15, founded Carpetright in 1988. There are now nearly 600 stores in the UK and Ireland, and a further 116 stores in the Netherlands and Belgium.Related Articles;Good advice from successful entrepreneurs‘Tis the season for retailers?
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