Carpet group unable to provide guidance until normality resumes

Carpet and beds retail group United Carpets Group plc has confirmed all 58 stores have closed following Government advice due to Covid-19.

The group added that key staff are remotely are working from home, with all non-essential travel curtailed, with the Group is no longer fulfilling product orders until guidance on non-essential travel is lifted.

In a statement, it said: “Like so many companies, our primary concern has been the well-being, safety and health of our employees, customers, suppliers and all who enter our stores.

“While trading across the store network held up comparatively well during early March, the store closures will necessarily have a significant and immediate impact on revenues.

“As it is still uncertain how long the stores will need to remain closed and thereafter how quickly it will be for normal retail spending patterns to resume, it is not presently possible to provide guidance on the outcome for the current financial year ending 31 March 2020 or for the next financial year.”