Sofology
This coverage examines Sofologyโs operations and strategy within the UK retail market, offering insights for retail executives, managers, and brand professionals. Reporting includes store openings and refurbishments, marketing campaigns, executive appointments, and its positioning in the furniture and home retail sector. The analysis supports strategic decision-making by highlighting Sofologyโs growth plans, customer engagement initiatives, and competitive stance.
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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 ยฃ56.8m, in the groupโs preliminary results for FY20. For the FY period ending 28 June 2020 the retailer also revealed that revenues decreased by 30.2% to ยฃ724.5m. DFS said that the losses were driven by โreduced margin from lower revenue levelsโ,…
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Aug- 2020 -27 AugustM&A
DFS offloads The Sofa Workshop
DFS has announced an agreement to sell the entire issued share capital of The Sofa Workshop Limited to Halo Furnishings for a total of ยฃ300,000m. ย The gross assets of Sofa Workshop at 30 June 2019 were ยฃ10.2m, while the pre-tax loss in the 48 week period ended 30 June…
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Mar- 2020 -10 MarchHigh Street
DFS sales slide amid โchallengingโ conditions
DFS has announced that its group revenue fell by 5.7% to ยฃ488m in the half-year period ended 29 December 2019. The furniture retailer said that such results were โas expectedโ against a โstrongโ comparative period, however, which was bolstered by โlatent demandโ and a higher opening order book. Meanwhile, gross…
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Mar- 2019 -8 MarchAdvice
Women in retail – advice from a female store manager
When it comes to the boardroom, retail may still be a male-dominated world, but there have been a lot of positive changes in recent times in this regard. Iโve worked in a variety of retail roles at Sofology over the course of the past eight years, progressing to my current…
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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 โlower than expected order intakeโ. The furniture retailer said it expects EBITDA for the full financial year to be down on last yearโs total of ยฃ82.4m,…
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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 โconfidentโ 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 ยฃ366.5m and profits had decreased by 58.1% to ยฃ7m, where it was…
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12 MarchEconomy
Quarter of major UK retailers likely to suffer โfinancial distressโ
A new study of over 1600 larger UK retailers with total assets of ยฃ5m or over by Company Watch, a financial analytics firm, found over a quarter were financially vulnerable to rises in interest rate costs this year. Company Watch compares the financial strength of companies using its unique H-Score…
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