Shares in Carpetright fell sharply on Monday with traders pointing to a weekend report that the retailer is considering closing some of its stores, in response to mounting financial pressures.
Earlier this month, Carpetright said that it was battling difficult trading conditions, and that it expected its financial performance for the year to the end of April to be worse than previously expected.
It said at the time that it forecasts a small underlying pretax loss for the year and that it was “proactively engaged in constructive discussions with its bank lenders in order to ensure it continues to comply with the terms of its prevailing bank facilities”.
