Carpetright bosses up their stakes in the company after sales drop
Carpetright's chief executive Wilf Walsh and chief of finance Neil Page have bought shares in the company following a drop in sales at the retailer.
Walsh and Page bought up 12,500 and 10,000 shares respectively.
Read more: Carpetright says the pound's plunge is hurting margins
The £25,000 purchase from Walsh brought his company shareholding to 53,778 shares, or 0.08 per cent of Carpetright's issued share capital.
Page now holds 38,782 of the company's shares, or 0.06 per cent.
Carpetright reported a 2.9 per cent drop in its UK like-for-like sales yesterday, but said its profit forecast for the year – £18.5m – remains unchanged.
Walsh said: "Trading conditions in the UK in the first half reflect variable consumer demand and increased competitive pressures.
Read more: Carpetright warns knock to consumer confidence after Brexit vote
"Against this background, our plan to revitalise the UK business remains on track and we are now almost half way towards our target of 100 store refurbishments in the current financial year, with investment in the first half weighted to the latter part of the period."
He said trading in the newly-refurbished stores was "encouraging". The refurbishment is part of the a turnaround plan that Walsh undertook when he became Carpetright's chief executive in 2015.