The leading floor coverings distributor reports weaker than expected trading, with revenue down 5% in the period. The company is initiating a restructuring programme to address the issues.
The retailer has announced the departure of its Group Chief Executive Officer with immediate effect.
The flooring distributor reported widening losses and declining revenue amid challenging market conditions. A transformation plan is underway, but uncertainty persists regarding market recovery timing.
The retailer will host an investor presentation via Investor Meet Company on September 16th.
The leading floorcoverings distributor will announce its half-year results and host a webcast presentation for analysts.
The furnishings retailer has announced a change in shareholding, with Heronbridge Investment Management LLP now holding a 4.99% stake in the company.
The retailer has awarded ordinary shares to certain employees in recognition of their long service.
The retailer reports a revenue decline in the first half, leading to an expected underlying loss, though sees improving trends.
The retailer has completed the sale and leaseback of its Tamworth distribution centre, generating £21.75 million in proceeds.
The furnishings retailer has announced a change in shareholding, with Perpetual Limited now holding over 11% of the company's shares.