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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Feb- 2022 -23 FebruaryDIY
Eve Sleep agrees retail partnership with DFS
Eve Sleep has announced a new retail partnership with DFS, that will initially see its products sold on the dfs.co.uk website. The firms also revealed there are also plans to extend the partnership to the DFS showroom estate later in the year. DFS will stock a range of eve mattresses,…
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10 FebruaryPeople Moves
PVH Corp appoints Zac Coughlin as CFO
PVH Corp, the owner of the Tommy Hilfiger and Calvin Klein brands, has announced the appointment of Zac Coughlin as executive VP and CFO, effective 4 April, 2022. In this role, he will report to Stefan Larsson, PVH CEO, and will have responsibility for all finance functions. Coughlin joins PVH…
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Jan- 2022 -12 JanuaryHigh Street
DFS expects FY22 profits to reach £85m
DFS Furniture expects to report full-year pre-tax profits of £85m after experiencing strong Christmas sales. During the twenty-six week period to 26 December 2021, gross sales increased by 10% when compared with FY19, but were 2% lower than in 2020. Covid-related absences, supplier manufacturing capacity and logistics performance, reportedly affected…
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Sep- 2021 -23 SeptemberDIY
DFS returns to profit in FY21
Furniture retailer DFS has announced that it has returned to profitability in its latest results for the 52-week period ending 27 June 2021. During the period, underlying pre-tax profits reached £105.8m from a previous year’s loss of £63.1m. Revenue also grew by 47.4% to £1.06bn from £724.5m in 2020 and…
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Aug- 2021 -25 AugustProperty
Ediston Property acquires Springkerse Retail Park for £22.85m
Ediston Property Investment Company has announced that it has acquired Springkerse Retail Park, Stirling, Scotland, for £21.85m, in an off market transaction. The price reflects an initial yield of 9.54% and was purchased from clients of LaSalle Investment Management. The Stirling Council area has a population of just under 100,000…
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Jun- 2021 -28 JuneHigh Street
DFS appoints new non-executive director
DFS Furniture has announced the appointment of Loraine Martins as an independent non-executive director of the company, effective immediately. Martins will be a member of the audit committee, nomination committee, and remuneration committees. Since 2012, she has been the director of diversity and inclusion at Network Rail, which is responsible…
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10 JuneDepartment Stores
DFS FY21 revenues climb 10.4%
DFS Furniture has revealed its revenues increased by 10.4% during the first 49 weeks of FY21 when compared to FY19 levels. In a trading announcement made ahead of the group’s full-year results on 27 June 2021, the furniture retailer claimed that it expects profit before tax for the period to…
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Mar- 2021 -9 MarchHigh Street
DFS revenues jump 17.3% in half-year results
DFS Furniture has announced its revenues increased by 17.3% to £572.6m in the 26 weeks to 29 December 2020, due to a rise in demand for living room furniture during lockdown. The retailer reported a strong trading performance over the period, which included a series of tiered lockdowns across the…
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Dec- 2020 -22 DecemberNews
DFS sales bolstered by soaring online business
DFS has announced that sales were up by 19% in the half-year ended 13 December 2020, while online sales soared by 76% against the prior year. In its latest pre-close trading update, the furniture retailer said its order bank “remains strong”, and is currently £200m higher year-on-year on a revenue…
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Sep- 2020 -24 SeptemberEconomy
DFS posts full year loss in preliminary results
Sofa retailer DFS has reported losses before tax of £56.8m, in the group’s preliminary results for FY20. For the FY period ending 28 June 2020 the retailer also revealed that revenues decreased by 30.2% to £724.5m. DFS said that the losses were driven by “reduced margin from lower revenue levels”,…
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