Carpetright shares, which have been in the doldrums since the firm unveiled a radical store closure plan last April, spiked by more than 9 per cent in early trading today. Credit: MailOnline - Published
Gloomy reports from consumer-focused companies, including Carpetright and Dignity, as rising prices squeeze households' spending with sales dropping their most since June 2016
► Subscribe to..
Carpetright has reported stinging losses for a period in which it closed 54 stores, and marketing giant WPP has fired the starting gun on a radical restructure that includes slashing costs by £275m. Credit: MailOnline - Published
New business secured with housebuilders and insurers has seen floor coverings retailer Carpetright lift interim pre-tax profit 15.8% to £11m.
Group revenue rose 9% to £258m, and the firm hailed a.. Credit: teletext - Published
Three-year old floorings chain Tapi Carpets has started laying off staff, as it is struck by the same torrid market conditions that hurt its rival Carpetright and other retailers. Credit: MailOnline - Published
After nearing collapse earlier this year, Carpetright decided many of its shops were too expensive or too large to run. It has closed 67 over the last six months. Credit: MailOnline - Published
So far this year, Carpetright has closed 65 'underperforming stores' in the UK and two in Europe. The group plans to close six further stores by the end of this year. Credit: MailOnline - Published
![Sharp tumble in UK retail sales [Video]](https://video.newsserve.net/300/v/20180904/1225791786-Sharp-tumble-in-UK-retail-sales.jpg)
Send us your feedback | LIKE us on Facebook FOLLOW us on Twitter • FOLLOW us on Pinterest