Carpetright which had its CVA approved recently has announced that its full year figures, to 28 April 2018, will show a loss of £70.5 million as compared with a profit of £0.9 million for the same period last year. The business is fighting to reduce costs via store closures, staff redundancies and the achievement of rent reductions for 113 stores which are struggling.
It cites depressed consumer spending as a mitigating factor.
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