Carpetright chief executive Wilf Walsh and chief financial officer Neil Page have bought shares in the company following a drop in sales at the retailer.

Walsh bought up 12,500 shares worth £25,000, bringing his company shareholding to 53,778 shares – 0.08 % of Carpetright’s issued share capital.

Page snapped up an additional 10,000 shares, taking his total to 38,782 – 0.06% of issued share capital. 

The move comes as Carpetright suffered a 2.9% fall in UK like-for-like sales. 

Walsh, who is leading the retailer through a thorough refurbishment programme, said: “Trading conditions in the UK in the first half reflect variable consumer demand and increased competitive pressures.”

He added that trading in the newly refurbished stores was “encouraging”. 

The carpet specialist’s profit forecast for the year of £18.5m remained unchanged.