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Carpertright issues fresh warning
The trading woes of the country’s largest floor-covering retailer showed no signs of easing yesterday after it issued a fresh profits warning.
Carpetright said sales remained volatile and sensitive to promotions, meaning profits for the year to 28 April were likely to fall short of even the most pessimistic of City forecasts.
Despite the difficult weather conditions of a year ago, Carpetright’s like-for-like sales were down 0.5 per cent in the 12 weeks to 21 January, while margins continue to be hit by the need for discounting.
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Weather for Edinburgh
Friday 25 May 2012
Today
Sunny spells
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: East
Tomorrow
Sunny
Temperature: 8 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
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