THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
DFS hails record year following successful growth strategy

Upholstered furniture retailer DFS has reported record full year results as it pursues its growth strategy.

GENERAL MERCHANDISE

DFS hails record year following successful growth strategy

Pre-tax profit climbed to £64.5 million in the 52 weeks to 30 July from £10.7 million a year earlier. Meanwhile, underlying EBITDA rose by 5.8% to £94.4 million with revenue climbing by 7.1% to £756 million.

The retailer said it had benefited from improved consumer confidence, housing market activity and consumer credit availability which has enabled the UK retail furniture market to continue its recovery from the low point it reached in 2011.

DFS chairman Richard Baker added: "The tried and tested DFS growth strategy has delivered another set of record results and puts us in an excellent position, as the market leader, to continue to generate shareholder value. Our unique and flexible business model, the quality and commitment of our people, our family culture and our focus on customer satisfaction remain the key factors behind our continuing success."

During the year, the retailer opened three new 10,000 to 15,000 square foot DFS stores in the UK and Republic of Ireland. It also launched a small store trial in Bromley in Kent and plans to open a further small store in Crawley shortly.

The retailer said its Netherlands stores are trading in line with expectations.

DFS chief executive Ian Filby said: "It is naturally pleasing to again report record results that demonstrate the robustness of our business model, the effectiveness of our growth strategy and the excellence of our products and our people. Together these unique assets give DFS the proven ability to achieve consistent outperformance of the retail furniture market over the long-term."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing