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Carpetright slows new store programme

Carpetright intends to open only six outlets this year.

The retailer has slashed capital expenditure from £18.5m to £4m. Half of this will be spent on refurbishing 50 stores and half on new stores and display racks.

Financial Times 23/06/99 page 27
The Daily Telegraph 23/06/99 page 31
The Times 23/06/99 page 26 (Tempus)
The Independent 23/06/99 page 23 (The Investment Column)

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