LONDON, June 15 (Reuters) - British upholstered furniture retailer DFS Furniture warned on Thursday that it would not meet profit expectations for the current year, blaming a weakening trading environment.
The firm said it now expected to make core earnings of 82-87 million pounds ($106-$111 million).
DFS said the trading environment had recently weakened beyond its expectation, with significant declines in store footfall leading to a material reduction in customer orders.
“We believe these demand effects are market-wide, in line with industry indicators, and are linked to customer uncertainty regarding the general election and the uncertain macroeconomic environment,” it said. ($1 = 0.7849 pounds) (Reporting by James Davey, Editing by Paul Sandle)