Last week Lord Harris of Peckham announced he is to step down as chief executive of Carpetright. This boardroom shake-up at the flooring retailer comes as it attempts to reverse weaker sales and a spate of profit warnings.
Will it be enough to stop the slump of the largest carpet retailer in the UK? Or was it just time for one if the leading lights in the carpet industry to step aside?
Lord Harris is hardly retiring. He still remains chairman and at 69 will probably have many years to come at the forefront of British retail.