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Watch this space Phil going it alone , and in the process bring down Carpetright at the same time just like Harris queens way
Check this one lord Harris grandson has just opened a new carpet store !!!!! Say no more
There is things to come out of this in next 48 hours and I'm sure there is a kew
Shares falling threw the floor , Phil taking his best men , either a buy out of start a new baby watch this space
Now we are seeing the fall from grace the business model that they are introducing is alarming as the is no national competitor any more why have the fake inflated prices to drop them down to prices even small independents can offer .the bed side of the the business has no direction and is not offering a serious bed store option .the only reason this share has not dropped threw the floor is long holding share holders are hoping for a return of the golden years of high dividends and this will not happen .
Strong sell , the board are trying to hit profit targets but reducing commission rates to the sales staff . I feel the board has lost it's way since lord Harris has stepped down now there's no passion just crazy unrealistic sales of 60% +20% where the start price is fictional . Bring back lord Harris as I think this will go the way of Harris queens way down the pan .number men trying to run the business like a super market which just won't work give it five weeks there be another profit warning
with a super last day to there madness promo with extra 10% discount on top of 25% yesterday carpet right with many stores smashing targets it shows that they can still make profits from tight margins . dont think they will go much lower so if you want agoog long termer this is one to have
with one of the biggest advertising budgets used on there latest madness ,its not bringing in the punters and the people at the top are losing there way .and how long can lord harris keep going ? and whos going to take his place the city dont think martin harris has the minerals nor do i. the business plan needs changing in my view '' put it up to drop it down '' and they do need to trim down there loss making stores which have long leases to get back to winning ways.
yes profits are down but what high purchase retail company is increasing like for like profit none carpet right is well managed and will be in agreat position once current climit improves . there bed side of the business will be the most important part of there growth they have grabed two good guys from benson beds with a wealth experence in beds and i think there will be drastic changes to bed lay out and bed sales they have the stores to be the uk no 1 bed store get your self a great long termer and best price