Summary
Furniture retailer MFI saw its shares surge yesterday as investors expressed relief that a slowdown in sales was not as bad as they had feared.Same-store sales across the group were 2% higher in the 20 weeks to May 14 compared with the same period last year, compared with a 4% hike earlier in the year.
Analysts said the market had been braced for slower sales, given the tough retail environment.See the full content of this document
Extract
Slowdown in Sales Not As Bad As Feared
MFI is one of a string of UK retailers to h...
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