Profits rise at DFS-owned Sofology as it opens new stores Retail Profits at Sofology increased during its latest financial year as it opened more stores across the UK.
DFS cuts revenue guidance after muted UK retail Christmas Retail The furniture retailer still expects to meet underlying profit guidance despite a fall in demand
DFS profits halved as sofa maker is battered by ‘tough economic climate’ Retail Sofa seller DFS saw annual profits almost cut in half, sliding to £29.7m from £58.5m a year earlier, as the retailer was battered by economic conditions. Revenue from operations fell 5.3 per cent to £1.09bn in the year to June 25, with the group blaming soaring inflation. Chief executive Tim Stacey said that the company [...]
DFS issues Red Sea delivery delays warning as furniture giant slashes expectations March 19, 2024 DFS has warned that the ongoing chaos in the Rea Sea could continue to impact its balance sheet as it revealed a reduced financial performance.
Pillow fight: Sofa-seller DFS reviews pay policy after bloody nose from shareholders April 9, 2024 Sofa-seller DFS is reviewing the pay policy of its top executives after shareholders mounted a revolt at its annual general meeting.
Sofa so good! DFS reaches record market share as it navigates cost of living crisis July 17, 2023 DFS recorded a four per cent decline in gross sales compared to last year as the sofa giant warns of “significantly worse” market activity during the cost of living crisis. The news comes as earlier this year DFS downgraded its profit expectations to between £30m and £35m, slashing it by nearly half on the £60.3m [...]
DFS shares up as sofa giant records rise in orders despite cost of living pressures January 13, 2023 Sofa retailer DFS has recorded a rise in orders over the latest quarter, as it hailed improving demand from customers despite pressures from the rising cost of living. It came as the retailer said that orders dropped 4.8% over the half-year to December 25, compared with the same period last year. However, the company said this included [...]
DFS sees “more positive” order trend after gloomy sales warnings earlier this year November 4, 2022 Sofa seller DFS said it hopes to buck a trend of furniture firms struggling amid the economic crunch, after having a more optimistic September. Since early September, the London-listed company said it had observed “a more positive trend”, in comparison to prior warnings about a softening of demand for homeware. It said group order volumes [...]
B&M retail poaches DFS Furniture’s CFO amid inflation concerns July 5, 2022 The chief financial officer (CFO) of DFS Furniture has been poached by B&M Retail S.A., after steering the sofa retailer through the turbulent pandemic period. Mike Schmidt, who will also step onto the board as an executive director, is expected to take up the new position by the beginning of next year. The ex-Citi and [...]
DFS reveals deliveries have dipped below expectations as supply chain issues bite June 9, 2022 DFS has revealed its production and deliveries are below expectations in the fourth quarter of the fiscal year.