DFS warns of ‘significantly worse’ market as cost of living crisis hits sales

DFS said sales of furniture are 15% to 20% lower across the market Photograph: David Sillitoe ~/The Guardian

The sofa retailer DFS has warned the market has been “significantly worse than expected” as demand for big-ticket items has been hit by the cost of living crisis.

It said the tough economic climate, in which mortgage rates have hit their highest level since 2008, had depressed sales volumes by 15% to 20% across the market.