"Whilst we remain confident in our turnaround plan, the level of sales growth in our final quarter leads us to expect that full-year profits will be towards the lower end of the current range." Carpetright's slowing sales growth marks a wobble in its recovery after returning to positive UK sales in the previous three months. The group suffered a bumpy 2016 after the June 23 vote for Brexit, alongside the collapse of the pound, with first half profits slumping 42% to £4.1m after falling demand from consumers, increasing competition and rising costs of imported goods. But Mr Walsh plans to plough on with its overhaul, having refurbished 188 stores in its fourth quarter, more than the 150 expected. Carpetright has closed three stores and relocated two stores into smaller sites, leaving it with 414 in the UK and 13 concessions.