Sales fall at DFS
By Sarah Wood | 19th January 2024
Sofa specialist, DFS, has reported "weaker than expected demand" in the six months to December 24.
The retailer, which has a store in Cheltenham, saw sales fall by £39m (5.6%) for the period, as reported by Retail Gazette.
DFS blamed the record hot weather in September, which it said contributed to low footfall.
The retailer has now reduced its full-year sales forecast, with revenues expected to come in between £1.02bn and £1.04bn, rather than the previously forecast £1.06bn to £1.08bn.
Despite this, DFS said it was still confident in delivering its pre-tax profit guidance of between £30m and 35m.
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