FLOOR coverings retailer Carpetright, which is opening a store in North Yorkshire today, has announced a sharp fall in profits.
The chain, which has about 500 stores and concessions across the UK and Europe, blamed weak market conditions for the 18.9 per cent drop in profits to £24.9m for the 26 weeks to October 29.
It blamed low levels of consumer confidence and fewer house sales in its largest market - the UK and Ireland, where operating profits slipped 31 per cent to £21.6m and like-for-like sales fell seven per cent.
Carpetright, which has more than a dozen stores in the North-East, is opening a site at Plumpton Park, in Harrogate, today.
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