An ominous decision by Carpetright to start closing more of the company’s stores across the UK suggests that the flooring industry hasn’t seen the last of the implications of the recession.
The store recently made the announcement at the same time as Thorntons revealed several poorly performing shops would be shut and Jane Norman went in to administration.
There are hopes that the companies are stumbling at the final hurdle as the financial market picks up as there are good indications that the economic crisis is coming to an end.
Carpetright has already had to close several of its carpet stores and profits have slumped even further this year, prompting the decision to close more.
The suspected reason for Carpetright’s difficulties is the high cost of renting the large stores which the company uses for retail.
UK flooring online is actually proving the quiet success story of the economic downturn as anyone choosing to renovate their home can do so by browsing products at their leisure.
Flooring online makes the process of choosing the right floor simple and convenient and allows customers to view a huge selection of products.
These floors can then be bought at low prices because the online retailers do not have to pay high prices for renting numerous stores.