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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Mar- 2019 -14 MarchHigh Street
DFS revenues jump 29.1% in H1 results
Furniture retailer DFS has reported a 29.1% increase in group revenue to £422.3m for the 22 weeks ending 30 December 2018. Reported profit before tax more than doubled to £14.1m during the period from £6.2m last year, and underlying pro-forma EBITDA increased by 23.8% to £32.8m. The retailer also opened…
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Jul- 2018 -12 JulyEconomy
Hot weather springs profit warning at DFS
DFS has announced a profit warning, blaming poor sales performance on decreased high street footfall during the hot weather, disruption to supply chains, and “lower than expected order intake”. The furniture retailer said it expects EBITDA for the full financial year to be down on last year’s total of £82.4m,…
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May- 2018 -22 MayHigh Street
Tim Stacey named CEO of DFS
DFS, has announced that Ian Filby will be retiring as CEO to be succeeded by Tim Stacey, the current group chief operating officer (COO). Ian Filby will also step down from the board of directors on the 31 October 2018 following eight years at the helm of the furniture retailer.…
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Mar- 2018 -28 MarchHigh Street
DFS ‘confident’ despite halved profits
DFS has seen a fall in both its sales and pre-tax profits for the six months to 27 January amid “challenging market conditions”. The sofa and living room retailer said revenue before acquisitions was down by 3.5% to £366.5m and profits had decreased by 58.1% to £7m, where it was…
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13 MarchGovernment
Leading retailers support plan for sustainability and equality
Over 25 leading UK retailers, including Sainsbury’s and John Lewis, have signed up to a series of pledges to tackle global challenges over the coming decades. The ‘Better Retail Better World’ scheme includes a series of stretching targets for the retail industry to achieve by 2020, and uses the United…
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Jan- 2018 -2 JanuaryUncategorized
DFS acquires Multiyork Furniture for £1.2m
Furniture retailer DFS has announced its acquisition of Multiyork Furniture for £1.2m. The retail group acquired eight store leases, with six stores intended to be converted to trade as Sofa Workshop, and two intended to be converted to DFS. Members of the retail teams at the eight transferred stores have…
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