Homewares retailer Made.com has warned that profits will fall, blaming supply chain costs and low consumer confidence.

The group has slashed its outlook for the current year and doesn't expect an increase in demand for big-ticket items any time soon, as reported by Retail Gazette.

Made.com expects full year gross sales to fall by 15 to 30 per cent, having previously predicted 15 per cent.

It has forecast a core loss of £50 million to £70 million, compared to earlier expectations of a £15 million to £35 million loss.

But the company said the integration of Trouva, an online platform offering a curated range of homewares and lifestyle products, is "progressing well".

Made's management team is looking carefully at fixed costs across the business, including stock buying, sourcing markets and warehousing, and reviewing its headcount and operational structure.

The company said that, despite recent challenges, it has grown the business by 57 per cent since 2019.