GLOOMY OUTLOOK FROM UK RETAILERS
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.