Skip to site menu Skip to page content

Daily Newsletter

09 May 2024

Daily Newsletter

UK’s Carpetright to lay off more than 25% of head office staff 

The redundancies will not affect store numbers or headcount in its shops.

Jangoulun Singsit May 08 2024

UK carpets, flooring and beds retailer Carpetright is planning to lay off more than 25% of its head office staff as the company faces a prolonged downturn in trading. 

The privately-owned retailer notified its staff that approximately 70 jobs will be cut, Sky News reports. 

The layoffs will affect the retailer's headquarters in Purfleet, Essex, while no changes will be made to the number of stores or the headcount in its retail locations.  

Carpetright operates 285 stores and concessions in the UK and 120 stores in Belgium, Ireland and the Netherlands.  

The decision to reduce head office roles in areas such as IT and warehousing is part of its strategy to lower its cost base by £22m ($27m). 

Since 2022 Carpetright has experienced substantial losses and is being advised by corporate strategy consultants Teneo on cost-cutting measures.  

The chain, founded by Lord Harris of Peckham, has been affected by reduced consumer spending and increased competition. 

Sky News quoted Carpetright’s parent company Nestware's chief executive Kevin Barrett as saying: "While we have worked tirelessly to navigate our current challenges, we understand the impact this restructure will have on valued members of our team. 

“Our top priority remains supporting those affected through this process. As with many businesses, we face ongoing challenges in today's tough economic climate.  

“We've carefully examined our performance against operating costs, leading us to make difficult decisions to ensure the future success of our brand." 

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close