Carpetright profits slump 70%

Really2

http://www.bbc.co.uk/news/business-13938527

Sorry had to post this one, is this the first time the retailer has stated anything as genuinely 70% less.

Kennyboy66

Or as Carpetright would say.

Profits down 50%, then down an extra 40%.

shortchanged_2

It's probably the usual trick.

Say a carpet is $100, if it's 70% off then it will be $30 for the carpet.

What they are selling is probably $100 with 50% off so $50, then a further 20% off the $50 which is $10, therefore you actually pay $40.

It was a classic MFI trick.

kabayiri

I think someone pulled the rug from under their sales strategy.

Presumably, people are still buying carpet, so this is really a reflection on how carp they are.