All Carpetright articles
Carpetright is the UK’s largest floor coverings retailer, established by Lord Harris of Peckham in 1988. Since 2016, the retailer has been promoting a new brand identity to appeal to a higher-spend customer while still maintaining its value heritage. It has also broadened its product ranges to include hard flooring, luxury vinyl tiles and premium-branded carpets. Carpetright sells a selection of beds and mattresses – a range which it is focusing on the development of. In late 2019, investors approved Carpetright’s sale to Meditor.
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Opinion
‘There’s a grim irony in Carpetright’s collapse, but don’t blame founder Lord Harris’
Carpet king Lord Harris built Carpetright, then went into business against it. As Tapi takes control of Carpetright assets from the administrator, some may see Harris as a Brutus figure – but that would be wrong, says George MacDonald
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News
Tapi has opted out of Ireland and the Channel Islands in the Carpetright buyout
Tapi will take over 54 of rival Carpetright stores as part of a multimillion-pound buyout, but it has opted out of buying those stores located outside of the British mainland.
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News
Carpetright: full list of stores rescued from administration by Tapi
Tapi has swooped in to buy rival Carpetright in a multimillion-pound deal but has selected just 54 stores to take over from the retailer.
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News
Tapi has bought Carpetright but many jobs and stores are still at risk
Carpetright has been rescued from collapse by rival carpet and flooring retailer Tapi – but hundreds of stores are expected to close, leaving many jobs at risk.
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Retail Navigator Analysis
Carpetright (Overview)
Carpetright is acquired by rival Tapi in a multi-million-pound deal after teetering on the brink of collapse. Tapi purchased the Carpetright name and intellectual property, alongside 54 of its 272 strong store estate and two warehouses.
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News
Exclusive: More than half of Carpetright’s stores could be at risk in a Tapi deal
More than half of Carpetright’s stores could be at risk even if they are bought by rival Tapi, Retail Week can reveal.
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News
ScS has stopped selling carpets
ScS has wound down the sale of flooring and carpets since it was bought by an Italian furniture retailer, Retail Week can reveal.
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News
Carpetright is on the brink of administration with 2,000 jobs at risk
Carpetright is likely to be sold in a pre-pack administration as it teeters on the brink of collapse, putting around 2,000 jobs at risk.
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News
Carpetright to slash 70 jobs at Essex HQ
Flooring retailer Carpetright is axing around 70 jobs at its headquarters, equating to more than 25% of head office staff.
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News
Carpetright calls in advisers to cut costs as demand slows
Flooring retailer Carpetright has reportedly drafted in advisers to help explore cost-saving measures as demand for the business has slowed.
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Interview
Interview: How Tapi Carpets founder Martin Harris is tapping into a new era
Retail Week sits down with Tapi founder Martin Harris to discuss how the business has grown over the past seven years and why smaller stores might be the future of flooring
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Data
Data: The 15 most improved retailers for gender pay equality 2022
Retail Week ranks the top-performing and most improved retailers for gender pay equality this year.
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News
Exclusive: Carpetright chair Wilf Walsh to step down
Wilf Walsh is to step down from the helm of Carpetright parent Nestware, Retail Week can reveal.
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Future Leaders
M&S, Kingfisher and Lidl back major retail I&D programme
Fifteen major retailers and brands have joined forces with Be Inspired, Retail Week’s six-year-old diversity initiative to promote inclusivity across the industry in 2022 and beyond.
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Gallery
Store gallery: Carpetright lays out new high street format on Tottenham Court Road
Carpetright has opened a new store format on London’s Tottenham Court Road with a more trend-led customer in mind.
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Retail Navigator Analysis
Carpetright (Financials)
Carpetright’s recent performance has been weighed down by the impact of the pandemic, as well as its CVA and restructuring costs. The retailer was acquired by Nestware-owned Meditor in a 5p per share deal in December 2019, which valued the business at £15.2m. Subsequently, the 2020 financial year is an extended reporting period of 18 months to 31 October 2020 (FY2020), which is followed by a 14-month period to 1 January 2022 to align Carpetright’s accounting period to that of its ultimate parent company.
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Retail Navigator Analysis
Carpetright (SWOT)
Carpetright had tended to under-index on measures such as trust and reputation, with the former management culture based on getting in sales and commissions rather than focusing on the customer. Previous management had addressed these issues with the retailer now scoring highly on Trustpilot reviews.
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News
Carpetright boss Walsh to take chair role at parent company
Carpetright chief executive Wilf Walsh has been promoted to the role of chairman at his firm’s parent company.
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News
Leading retailers pledge to take action on diversity and inclusion in 2021
Following a year where business’ D&I agendas have come under scrutiny, 16 brands including M&S, New Look and Sainsbury’s Argos have partnered with Retail Week’s Be Inspired programme to promote diversity and empower their teams.
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News
Carpetright to sponsor Exeter City Football Club
Carpetright has stepped in to sponsor Exeter City Football Club after its previous shirt sponsor Flybe went bust.