Carpetright, run by founder Lord Harris, have issued their seventh profit warning in a year as the plight seems to be slipping out of their hands.They are the UK’s largest floor covering service but have struggled again over the last three months due to weak sales of their new bed range, and a rapidly decreasing level of demand in their continental stores.

Following the last few months’ regression, they had hoped that a move into bed products, a laminate flooring range and a reduction in prices would change their fortunes, but if anything, the situation has become more dire. The unstable housing market is also thought to be a contributory factor to the generally flailing homeware industry.