Carpetright Has Worst First Half as Public Firm

London, England, Dec. 14, 2011 — Carpetright, Britain’s biggest floor coverings retailer, posted the worst first-half performance in its history as a publicly traded company.

However, the firm said it expected improved sales in the second half due to higher margins.

The firm said it made a pretax profit of $2.16 million in the 26 weeks through Oct. 29.

That compares with a profit of $15.4 million in the same period last year.