DFS and Wickes Warn of Weak Demand for Household Goods, Profits Lowered
Tuesday, 19 March 2024, 13:21
DFS and Wickes on Weak Demand
The furniture retailer DFS and the DIY group Wickes have reported a decrease in demand for high-cost household goods. DFS anticipates annual profits to be £10m lower than expected, with sales down by up to £65m, attributing the decline to weakened consumer demand. Wickes acknowledges the challenging conditions in the market, reflecting on the ongoing cost of living crisis.
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