DFS leads retail sector down after warning

DFS leads retail sector down after warning

With the shares down by a fifth in a single day’s trading, one City analyst has called the profit warning from sofa specialist DFS (DFS) a "watershed" moment in British retail. It’s true that Britain’s shopkeepers tended to strike a cautious tone throughout the latest reporting season, but DFS appears to be the first to crack under the pressure of declining footfall trends, a rising cost base and – seemingly – a dwindling level of consumer spending.

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