Carpetright, Britain’s largest carpet retailer, issued a profit warning yesterday after announcing a fall in like-for-like sales of 5.2% this year. Daily Telegraph.
The retailer, which has 600 stores, blamed interest rate rises and poor sales over Easter.
Carpetright opened 90 stores in Britain and Ireland and closed 20, taking its total to 510. It also opened a further eight stores in continental Europe, where it has a total of 109.