BRITAIN'S biggest flooring retailer, Carpetright, yesterday said it was cautious on full-year expectations and that second-quarter trading could materially affect its annual results, sending its shares lower.
The company, which sells vinyl and laminate flooring, carpets and rugs, said the UK floor coverings market had become increasingly difficult over the past year and that trading over the next two months could have a significant impact on its full-year performance.
"October and November are important trading months and ... could materially affect the year end result," the company said. "Continued low levels of consumer confidence due to higher inflation and the further deterioration in the housing and financial markets, result in management remaining cautious about its expectations for the full financial year."