Made.com plans to cut a third of staff as it seeks buyer or investment

Furniture retailer undertakes strategic review on the back of plummeting sales

Made.com is seeking a buyer or emergency investment as the embattled online furniture retailer plans to shed a third of staff to stretch its dwindling cash reserves.

The company, which in July warned of job cuts as increasingly cash-strapped consumers stopped spending on big-ticket" items, has withdrawn full-year guidance as sales plummet.