Letchworth Carpetright store set to close
By James Smith
24th Jul 2024 | Local News
![Letchworth's Carpetright will close Letchworth's Carpetright will close](https://storage.googleapis.com/nub-news-files/nub-news-file-storage/572326/conversions/yY0wwdxUlpqCGfn5TvbL2bYYdja3ht-metaM3Fla1J3dWlVWXhzQ1I3Z1k3aHBKWUpHRUxKall6LW1ldGFOalF3ZURRNE1DNXFjR2M9LS1hcnRpY2xlLmpwZw%3D%3D--article.jpg)
Letchworth's Carpetright store is among the 213 locations that will close as part of the flooring retailer's significant restructuring.
Along with major outlets in Welwyn Garden City and Watford, the store is affected by a recent rescue deal in which Carpetright was acquired by rival company Tapi.
Carpetright, now owned by Nestware Holdings, had been struggling with declining demand and a major cyber attack in April, which led to its decision to file for administration earlier this month.
As part of the administration process, the company has announced the closure of 213 stores, resulting in over 1,000 job losses nationwide.
In a pre-pack administration agreement, Tapi has agreed to acquire 54 Carpetright stores, along with the brand and its intellectual property. Unfortunately, this deal does not extend to most of Carpetright's locations, including its head office in Purfleet, Essex.
As a result, numerous stores, including the Baldock Road site, will close.
The full list of Carpetright stores scheduled for closure includes locations across the UK.
For those affected, the company has announced that it will retain head office staff temporarily as it continues to wind down operations, but over 1,000 employees across its stores will face redundancy.
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