Carpetright swings to loss as it shuts stores in bid to stay afloat

Carpetright has swung to a loss as the retailer battled with rapidly declining sales and pushed through store closures in a bid to stay afloat.

The retailer made an underlying loss before tax of £8.7 million (€9.9m) for the year to 28 April, having made profit of £14.4 million (€16.4) the year before.