Carpetright Says Sales Lower Than Expected

London, England, Feb. 1, 2011 -- Carpetright said that like-for-like sales in the UK and Ireland fell 7.7% in the 13 weeks to Jan. 29.

Chairman and chief executive Lord Harris of Peckham said: "Although we have achieved an increase in sales year on year since Christmas, this has not been at the level expected. This causes us to remain cautious about the outlook for the remainder of the financial year."

Carpetright warned that profits for the year to April will be below last year and lower than expectations.