Soft: a positive adjective for sofas, a negative one for consumer sentiment. DFS (DFS) had been expecting the latter kind, but not to this degree. "The trading environment has however recently weakened beyond our expectation, with significant declines in store footfall leading to a material reduction in customer orders," said management on Thursday. Ouch. Its shares promptly fell a fifth.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis