Concessions worry for duo

February 2005
Cabinet Maker;2/4/2005, Issue 5424, p5
Trade Publication
This article reports that Cargo and Carpetright could both soon be looking for new concession space. Cargo was hoping to roll out its concessions if its trial proved a success, but supermarket chain Asda has reportedly offered £ 300m for the 186 Littlewoods and Index branches. Littlewoods is understood to have set in motion a formal sale process to establish what other interest there may be in the portfolio. Lord Harris, Carpetright executive chairman, provided more evidence of a difficult environment for homewares retailers when he warned that the chain had experienced a "tough January sale" and that trading conditions were subdued.


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