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Carpetright shares plunge 47% after another profit warning

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Carpetright shares have taken a hit after a significant drop in sales during the weeks after Christmas prompted the retailer to issue a profit warning. Shares were down by 47 per cent early this morning on the London stock exchange after Carpetright’s quarterly update for the 11 weeks ending January 13 revealed like-for-like sales had fallen 3.6 per cent. Total group sales also dropped 2.3 per cent, with the flooring and furniture retailer blaming it on “reduced consumer confidence” and the “significant deterioration” in UK trade that came after positive start to the third quarter

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Carpetright shares plunge 47% after another profit warning

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