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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Jul- 2023 -11 JulyProperty
British Land praises ‘winning’ retail park format ahead of AGM
British Land chief executive, Simon Carter, has said that retail parks “continue to be a winning retail format” due to their affordability, omnichannel compatibility and low capex requirements ahead of the group’s AGM. This comes as the retail park format continues to perform strongly for British Land, with occupancy reaching…
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Mar- 2023 -21 MarchProperty
British Land hails £120m in gross capital activity amid acquisitions
British Land has announced that it has made more than £120m in gross capital activity after acquiring three new retail parks and selling 50% stake of its Preston retail park. The company completed the acquisition of three high quality retail parks for a total of £94m and sold its 50%…
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16 MarchNews
DFS profits dip in H1 amid rising costs
Furniture specialist DFS has revealed a decline in profits in H1 due to rising costs and a weak market environment despite record market share, with profit before tax falling to £7.1m, down from £23.3m the year before. According to its latest interim report, its profit before tax and PBT margin…
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Jan- 2023 -13 JanuaryDIY
DFS maintains guidance amid strong winter trading
DFS has maintained its profit guidance for the full-year following a strong start to its winter trading period. In the half-year ended 25 December 2022, order intake rose by 10.6% against the pre-pandemic period in FY19, with a “strong” second quarter that was boosted by market share gains. Overall, gross…
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Nov- 2022 -9 NovemberHigh Street
DFS appoints former Asda boss as CFO
DFS Furniture has announced that John Fallon is to be appointed as an executive director and chief financial officer (CFO) of the group from 14 November 2022. Fallon joins DFS Group from Asda, where he most recently served as group CFO and played a key role in the recent change…
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4 NovemberDIY
DFS order volumes recover in September
DFS has reported that its order volumes have grown relative to FY22 and the pre-pandemic financial year since early September, following the group’s full year result announcement on 15 September. It is reported that the retailer’s overall performance is in line with its mid case scenario of around £36m in…
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Sep- 2022 -16 SeptemberHigh Street
DFS profits fall as cost of living sees sales soften
DFS has revealed that its reported profit before tax has almost halved to £58.5m, down from £102.6m, as rising inflation negatively impacted its supply costs and dampened demand for its products. In its preliminary results for the 52 weeks ended 26 June 2022, it revealed that revenue from continuing operations…
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12 SeptemberHigh Street
DFS announces new chair
DFS Furniture has announced that Steve Johnson will succeed Ian Durant as chair at the conclusion of the annual general meeting on 4 November 2022. Johnson joined the board in December 2018 and is currently the chair of the remuneration committee. He has retail experience having previously held several senior…
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Jul- 2022 -5 JulyPeople Moves
B&M welcomes Mike Schmidt as CFO
Budget retailer B&M has announced the appointment of Mike Schmidt as executive director and chief financial officer (CFO) of the Group. He will join the company no later than on the 3 January 2023. Schmidt is currently executive director and Group CFO of DFS Furniture plc, having been in that…
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Jun- 2022 -21 JunePeople Moves
Bensons for Beds appoints new CEO
Bensons for Beds has announced that its current chief commercial and digital officer, Nick Collard, will take over as CEO with immediate effect to “lead the company as it prepares for further growth”. Collard joined the company in July 2021 after holding board roles at Holland & Barrett International, DFS…
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