DFS
This coverage analyses DFS’s strategy, operations, and performance within the UK furniture retail market. Reporting focuses on financial results, store development, leadership appointments, supply chain initiatives, and market positioning. Content is aimed at retail executives, category managers, and planners monitoring consumer trends, competitive dynamics, and operational strategy in the home furnishings sector.
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Jan- 2025 -17 JanuaryNews-In-Brief
Today’s news in brief-17/1/25
Retail sales in the UK fell by 0.3% in December, disappointing analysts who anticipated a 0.4% rise during the Christmas season. The decline, attributed to the poorest supermarket sales since 2013, was partly offset by a 4.4% rise in clothing sales. The Office for National Statistics (ONS) reported that food…
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17 JanuaryDIY
DFS sales and profits rise in H1 amid market share gains
DFS has reported strong trading in its half-year results, largely driven by market share gains, lower operating costs and gross margin improvement, adding it was “cautiously optimistic” for the year ahead, despite inflationary pressures and a tough market outlook. In the half-year ended 29 December 2024, its profits are expected to…
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Dec- 2024 -4 DecemberDIY
DFS reshuffles management team in bid to streamline business
DFS has announced changes to its management structure that will bring DFS and Sofology under one team in a bid to simplify the business.As part of this, Sofology managing director Emma Dinnis will step down at the end of this month. Dinnis first joined DFS in 2022, having previously worked…
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Nov- 2024 -27 NovemberNews-In-Brief
Today’s news in brief-27/11/24
The House of Lords Built Environment Committee has urged high streets to evolve beyond retail to reverse their decline. Its report highlights over 10,000 store closures in 2023, emphasizing that the traditional dominance of retail is outdated. Instead, demand is shifting towards leisure, dining, and public services such as health…
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27 NovemberDepartment Stores
DFS secures SBTi approval for emissions reduction targets
Sofas retailer DFS Furniture has announced that its near-term science-based emissions reduction target has been approved by the Science Based Targets initiative (SBTi). In the near term, the group aims to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 55% by 2033 and, additionally, that 73% of Scope…
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22 NovemberPeople Moves
DFS names interim CFO as it sees improved trading
DFS has announced it has appointed Marie Wall as interim chief financial officer reporting to chief executive officer, Tim Stacey. Wall, who will start her role on 2 December, has previously held senior finance roles at Imperial Brands, Wolseley and Dixons Carphone. Following the announcement on 17 October 2024, DFS…
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Oct- 2024 -17 OctoberNews-In-Brief
Today’s news in brief-17/10/24
N Brown has agreed to a £191m takeover by Falcon 24 Topco, a company led by Joshua Alliance, a member of the founding Alliance family. Joshua, who already holds a 6.6% stake, will acquire the fashion retailer at 40p per share. Other family members, including former chair Lord David Alliance,…
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17 OctoberNews
DFS chief financial officer to step down
Retailer of living room and upholstered furniture DFS has announced that chief financial officer John Fallon is set to step down from his role. Fallon has said that he will not stand for re-election at the company’s AGM on 22 November. He will remain as CFO throughout the remainder of…
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Sep- 2024 -25 SeptemberNews
Today’s news in brief-25/9/24
Asos, facing significant financial challenges, has initiated consultations to potentially cut over 200 jobs at its head office. The move comes amidst a restructuring aimed at reversing recent heavy losses, including a £120m increase in half-year losses and an 18% decline in sales. Asos plans to streamline operations and focus…
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25 SeptemberDIY
DFS swings to £1.7m loss amid Red Sea stock delays
DFS has reported a loss before tax of £1.7m for the year ended 30 June due to “record” low market demand and Red Sea shipping disruption deferring sales and profits to future periods. By June 2024, adjusted profit before tax stood at £10.5m, having fallen £20.1m year-on-year to below DFS’…
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