Property Pulls Rug on Carpet Firm Sales; Carpetright's Troubles Are Seen as Part of a Wider Malaise on the High Street
Byline: Rupert Steiner
THE slowdown in the housing market has claimed another casualty -Britain's largest carpet and flooring retailer, Carpetright.
Underlying sales fell 1.8pc for the last six months, as customers worried bydeclining property prices and a mortgage drought held onto their homes andstuck with their old carpets.
This comes amid a wider malaise on the high street.
Latest figures show the retail turmoil has been compounded by the poor weatherand the early Easter.
This powerful cocktail of bad news kept customers away prompting the biggestfall in sales volumes this month since November 2005.
In its distributive …
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Publication information: Article title: Property Pulls Rug on Carpet Firm Sales; Carpetright's Troubles Are Seen as Part of a Wider Malaise on the High Street. Contributors: Not available. Newspaper title: Daily Mail (London). Publication date: April 30, 2008. Page number: 73. © 2007 Daily Mail. COPYRIGHT 2008 Gale Group.
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