Britain’s biggest flooring retailer will be hoping to sweep a drop in sales under the carpet after shareholders approved a restructuring that it hopes will reverse its fortunes.
Carpetright expects underlying pre-tax losses of up to £9m for its financial year, which ended last week.
The chain plans to close 92 of its 409 stores and to seek rent reductions of up to 50% on 113 further outlets under its company voluntary arrangement.
