reGlasgow

TWO Glasgow Carpetright Stores To Close

TWO Glasgow Carpetright stores are among a number of shops being closed by the company in Scotland.

The outlets at Great Western Road and Parkhead Forge retail parks will be shut. The stores are expected to trade until at least September.

The company says it is not in a position to give details of job loss numbers by store at this stage. It is aiming to redeploy as many staff as possible.  Carpetright is restructuring to address trading difficulties.

Other Scottish closures are Ayr, Leith in Edinburgh, Falkirk, Fraserburgh, Greenock, Hamilton (Carpetright and Sleepright), Inverness (Merkinch), Livingston, Renfrew and Wishaw.

Carpetrite at Parkhead Forge

A Carpetright spokesperson said: “We’re announcing today some tough but necessary steps to address our legacy property issues and restore our profitability.

“We are launching a CVA (company voluntary agreement) proposal that, if approved, will result in the closure of 81 poorly-located or over-rented stores, from a UK total in excess of 400, later this year.

“Planned closures will not affect our customers; all orders will be fulfilled either by the original store or a neighbouring Carpetright where necessary.

“Regrettably, we expect this will mean that around 300 colleagues would leave the business but we will make every effort to find alternative roles for those affected wherever possible.

“We’re also announcing that we plan to follow the CVA with an equity financing to raise £60million of new funds to invest in our stores and online offer, to strengthen the competitive position of the ongoing business.

“It’s important to stress that throughout the CVA process, we will continue trading as normal and customers can continue to shop with Carpetright with confidence. We do not expect the proposed stores to close before September 2018.

“We will remain in close contact with all colleagues to keep them fully informed as we move through this process.”