News article

Sales climb at Carpetright

Sales climb at Carpetright
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Like-for-like sales at Carpetright climbed during the third quarter of its financial year, new figures released by the retailer have revealed.

For the 13 weeks to January 30th, the firm saw like-for-like transactions across its stores in the UK and Ireland rise 2.3 per cent, with increasing demand from the housebuilding industry helping to raise performance.

In the 39 weeks to the sale date the increase was 3.4 per cent, however the rise was not enough to stop Carpetright shares from falling during the morning session of stock market trading.

According to Reuters, the company was down 3.19 per cent at 10:52 GMT, taking it to 941p per share.

Despite this, chairman and chief executive Lord Harris of Peckham said the business is "pleased" with the results.

He noted that property construction and insurance claims have helped strengthen its revenue stream, but admitted trading was affected by the poor weather that hit much of the UK at the start of last month.

Posted by Chris WeaverADNFCR-1681-ID-19594498-ADNFCR