Carpetright gives third alert

CARPETRIGHT, Britain’s biggest floor coverings retailer, yesterday warned on profit for the third time this year as cash-strapped shoppers held back on big-ticket purchases and raw material cost rises hit margins.

Carpetright said it expected underlying pre-tax profit for the year to 30 April to be slightly below the £17.2m achieved in 2008/09. Earlier this month, Carpetright had forecast 2010/11 profit “broadly in line” with the 2008/09 outcome.

Yesterday’s warning followed an alert in February.