DFS has posted a 6% decline in gross sales in the six months to 29 December after the upholstered furniture retailer experienced “subdued” trading in August and September.

In a statement, the retailer said order intake has now strengthened and that its winter sale has started well. DFS is expecting its full-year pre-tax profit before brand amortisation to be broadly in line with market expectations if it achieves low single digit revenue growth in the second half.

It added: “We are mindful of the broader political and economic uncertainty that still exists. However, we have made good progress on our strategic initiatives, driving showroom conversion and online growth. Furthermore, we have appropriate cost saving actions in place to help mitigate continued market weakness.”

Source: www.theretailbulletin.com