Sofology
This coverage examines Sofology’s 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 Sofology’s growth plans, customer engagement initiatives, and competitive stance.
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Mar- 2020 -10 MarchHigh Street
DFS sales slide amid ‘challenging’ conditions
DFS has announced that its group revenue fell by 5.7% to £488m in the half-year period ended 29 December 2019. The furniture retailer said that such results were “as expected” against a “strong” comparative period, however, which was bolstered by “latent demand” 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. I’ve 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 “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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12 MarchEconomy
Quarter of major UK retailers likely to suffer ‘financial distress’
A new study of over 1600 larger UK retailers with total assets of £5m 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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