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.. teletext - Published
Carpetright said today that sales have continued to fall in the last three months, a sign that the challenged floorings firm is not yet out of the woods. 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
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The unit at Camborne Retail Park in Trevenson Road is currently home to a Carpetright store but chain went into administration last year with the closure of 92 stores and uncertainty around its future Cornish Guardian - Published Also reported by •West Briton •The Cornishman
In the UK, retail was one of the worst-performing sectors, with Debenhams and Carpetright both ending the year with shares down more than 85 per cent Independent - Published
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. MailOnline - Published
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. MailOnline - 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. 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. 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. MailOnline - Published
Store chains have issued eight profit warnings, the highest of any FTSE sector. The list includes Debenhams, Moss Bros and Carpetright which are all showing signs of significant financial stress. MailOnline - Published
Bosses at the ailing home improvement chain want to bring back axed concessions such as Laura Ashley and Habitat and even introduce new ones such as Carpetright and Pets Corner. MailOnline - Published
![Sharp tumble in UK retail sales [Video]](https://video.newsserve.net/300/v/20180904/1225791786-Sharp-tumble-in-UK-retail-sales.jpg)
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