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Carpetright fraying at the edges

Any hopes Carpetright (CPR) might have had for stronger performance in the first half of the year were dashed by deteriorating conditions in its European business. Like-for-like sales in the region fell 10.1 per cent which translated to a 17.7 per cent revenue decline in sterling terms. This was largely due to difficult trading in the Netherlands, where political uncertainty and austerity measures have hit the floor coverings market.

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By Julia Bradshaw,
11 December 2012

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