April 30, 2018 / 10:18 AM / 24 days ago

Carpetright expects 2018 loss of 7-9 mln stg

April 30 (Reuters) - British retailer Carpetright said on Monday it expects to post a pretax loss of 7 million pounds ($9.61 million) to 9 million pounds, hurt by continued weakness in consumer confidence in its home market.

The company said its shareholders approved its proposed restructuring plan at a meeting, following approval from creditors and landlords on Thursday.

The floor coverings retailer said this month it would seek creditor approval for a Company Voluntary Arrangement (CVA), a plan that involves the closure of 92 stores and rent reductions at 113 others.

$1 = 0.7281 pounds Reporting by Justin George Varghese in Bengaluru; editing by Jason Neely

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