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Carpetright issues profit warning on 'sharp deterioration' in trade

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R etailer Carpetright has reported a "sharp deterioration" in UK trade and said its profits will be well below expectations. The chain, which has 416 shops in the UK and 136 in Europe, said sales in stores open more than a year fell 3.6pc in the 11 weeks to January 13. Total sales dropped 4.5pc after it closed 10 stores.

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