News Carpetright seeks closure of 92 stores - full list here

Discussion in 'Business News & Resources' started by Cody, Apr 12, 2018.

  1. Cody

    Cody

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    Carpetright has announced further closures of around 92 different stores throughout the UK following their recent plans for a company voluntary agreement (CVA). This means over 300 people will be made redundant.

    It was only recently that Carpetright seeked emergency funding to raise over £60 million by selling equity, and as well as this, in order to save more money are in talks to have rent reduced on 113 different stores. Currently 11 stores have stopped trading.

    As part of the company voluntary agreement they are hoping to gain approval from creditors and landlords on April 26th, with the final approval made by shareholders on the 30th.

    Carpetright chief executive said: ""These tough but necessary actions will enable us to address the burden of a legacy UK property estate consisting of too many poorly located stores on unsustainable rents and are essential if we are to restore our profitability and deliver a successful turnaround."

    The full list of Carpetright stores closing are:

    Ayr

    Ballymena

    Bangor (County Down)

    Barnsley

    Beckton

    Belfast - Newtownabbey

    Bicester

    Birmingham Stechford

    Blackwood

    Bodmin

    Borehamwood

    Burgess Hill

    Burnley

    Bury

    Caerphilly

    Catford

    Coleraine

    Derry/Londonderry

    Dudley

    East Grinstead

    Edinburgh - Leith

    Exeter

    Exmouth

    Falkirk

    Folkestone

    Fraserburgh

    Glasgow - Great Western Road

    Glasgow - Parkhead Forge

    Gloucester

    Great Yarmouth

    Greenock

    Guildford

    Hamilton - Carpetright

    Hamilton - Sleepright

    Harrogate

    Hayes

    Hitchin

    Honiton

    Huddersfield

    Inverness - Merkinch

    Kidderminster

    Kings Lynn

    Launceston

    Leeds - Birstall

    Leeds - Hunslet

    Lewes

    Lichfield

    Lincoln

    Livingston

    Llanelli

    Luton

    Maidenhead

    Neath

    Oldham

    Putney

    Reading - Oxford Road

    Redhill

    Renfrew

    Scarborough

    Scunthorpe

    Sheffield - Meadowhall

    South Shields

    St Austell

    St Helens

    Stafford

    Stanmore

    Stratford-upon-Avon

    Streatham Common

    Strood

    Sunderland - Castletown

    Telford

    Thanet

    Thornton Heath - Carpetright & Sleepright

    Tiverton

    Wakefield - Cathedral

    Wakefield - Westgate (Storeys)

    Walsall

    Warminster

    Wigan - Robin Park

    Wishaw

    York - Foss Island
  2. Gary

    Gary

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    Aug 22, 2009
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    My local store is one of them. Sad news for the staff however a far bigger loss if they cannot cut overheads.
  3. Cody

    Cody

    Joined:
    Feb 17, 2016
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    1,428
    Yes Gary, such a big loss indeed for all those involved. The retail industry is certainly taking a big beating this year. It's time many of them up their game and adapt.
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