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Aylesbury Carpetright store escapes closure

carpet

8:44am 12th April 2018

Aylesbury's Carpetright will stay open as the struggling chain shuts 92 stores

Carpetright has said it is closing 92 stores which will result in 300 job losses as it fights for survival under a sweeping restructure.

While the Aylesbury, High Wycombe, Bletchley, and Dunstable stores escape closure it's not such good news for Bicester, which is one of the stores earmarked to close.

The beleaguered retailer, which employs 2,700 people in the UK, said 11 of the sites earmarked for closure had already stopped trading.

Carpetright said it hoped to relocate affected staff - and said rent would be slashed on the other 113 sites under the rescue plan.

Wilf Walsh, chief executive of Carpetright, 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.

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

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