Carpetright warns of annual loss amid UK consumer spending squeeze

Another home furnishings firm feels effects of falling consumer confidence More high street store closures could be on the cards after Carpetright warned it would slump into the red this year and said it was asking its banks for help to ride out the financial storm.The floor covering chain’s third profit warning in four months comes the day after Toys R Us and Maplin, two of the high street’s best known retailers, went into administration, casting doubt over the future of 5,500 jobs