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Carpetright lowers profit expectations as sales edge up

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Carpetright has seen sales edge up over the last six months amid “volatile” markets in Europe and the UK, forcing it to drop its profit expectations. In the 25 weeks to October 21, like-for-like UK group sales grew 0.8 per cent, largely driven by a 2.1 per cent rise in sales in its flooring category. Growth was hampered by a “re-ranging activity” in its beds business in efforts to improve its product range.

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Carpetright lowers profit expectations as sales edge up

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