Carpetright trading below expectations
Carpetright has warned that UK conditions have continued to be difficult as sales fall below company expectations.
For the 12 week period from 31 January 2010 to 24 April 2010 group sales rose by 4.9% and the store base decreased to 703.
The group said UK and Republic of Ireland sales rose by 6.8%, with like-for-like sales were up 1.5%. Eight stores have been closed, taking the total to 586.
Lord Harris of Peckham, Chairman and Chief Executive, said: "UK market conditions have continued to be difficult. Since our last trading update on 23 March, sales have been slightly below our expectations and we anticipate the year ahead to remain challenging."Our businesses in The Netherlands and Belgium continue to trade well and have now returned to like-for-like growth."
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