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Long, hot summer puts heat on DFS

Long, hot summer puts heat on DFS

The UK retail sector has been under pressure for some time, made worse by Brexit-induced fears and sweltering weather. It's perhaps unsurprising, then, that Britons have had other things on their minds than buying sofas, in turn giving DFS Furniture (DFS) a rather challenging year. Adjusted cash profits contracted 7.6 per cent to £76.1m, falling slightly short of brokerage Peel Hunt's forecast, on sales which also dropped 2 per cent excluding acquisitions. Online fared a bit better, with sales up 15.1 per cent.

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