Shares in Carpetright (CPR) staged a mini recovery following news that like-for-like sales rose 6.8 per cent during the third quarter, pulling underlying sales growth for the last 13 weeks up to 1.9 per cent. That marks a return to quarterly sales growth in the UK, while bosses say the European business is benefiting from improved consumer sentiment and a positive impact from foreign exchange rates.
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Around 120 stores are now trading under the group's new brand format, which is helping them to significantly outperform the remainder of the estate. By the end of April, this number should move up to 150.
