The furniture retailer DFS has issued its second profit warning of the year, blaming much of the drop on delays to deliveries and higher shipping costs caused by the Red Sea crisis.
The retailer, which owns 118 shops across the UK, said it expected pre-tax profits of £10m-£12m for the year ending 30 June 2024, well down on the £20m-£25m predicted in March, amid supply chain disruption and weaker consumer demand.
