GLOOMY OUTLOOK FROM UK RE­TAIL­ERS

The National - News - Business - - The Region -

The dif­fi­cul­ties fac­ing Bri­tain’s re­tail­ers were laid bare yes­ter­day in gloomy re­ports from depart­ment store group Deben­hams and floor cov­er­ings seller Car­petright. Deben­hams, the op­er­a­tor of 250 stores across 27 coun­tries, said full-year earn­ings could be at the low end of an­a­lysts’ es­ti­mates should cur­rent mar­ket volatil­ity per­sist. The stock fell as much as 3.9 per cent. Car­petright, which runs 426 out­lets in the UK alone, re­ported a 21 per cent drop in ful­lyear earn­ings.

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