Big ticket’s big squeeze: how are home retailers navigating sluggish demand?
As DFS issues another profit warning and Wickes reports that demand for pricier purchases has been ’challenging’, how much more penny pinching can big-ticket retailers take?
One of the UK’s biggest furniture retailers isn’t feeling particularly comfortable right now.
Sofas and beds specialist DFS has issued its second profit warning in six months, reporting a sales drop in the first half of 7.2%, while profit before tax on a reported basis dropped from £6.8m to £900,000.
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