Britain's summer heatwave hits profits at DFS and Ted Baker

Pretax profits down almost 50% at sofa chain, as fashion brand reports tough half-yearThe chief executive of the sofa chain DFS has blamed a collapse in profits on an “exceptional downturn” during the summer heatwave, with poor figures from fashion brand Ted Baker adding to the latest bout of high street gloom.Ian Filby said the hottest summer in decades meant Britons had abandoned their usual weekend shopping trips to retail parks to buy furniture. Continue reading...