FLOORING retailer Carpetright yesterday reported its third quarter of positive but slowing like-for-like UK sales as “self-help” measures such as the revamp of its stores helped to bolster turnover.
Like-for-like sales increased 0.6 per cent in the three months to 13 October, a slowdown from the 1.7 per cent growth seen in the previous three months but still hailed as “robust” by analysts in the face of gloomy high street.
“With UK self-help initiatives gaining traction, we look forward to a positive outcome for peak trading”, Peel Hunt analysts said.
Its performance in the UK helped offset deteriorating trading conditions in Europe. Carpetright said the collapse of the Netherlands’coalition government helped drag European same-store sales down by 12.7 per cent.