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Birmingham Post
Birmingham Post
Business
Coreena Ford

Demand bounces back at furniture firm DFS despite cost-of-living caution

Furniture company DFS says its orders have bounced back since September after the company saw customers being cautious about spending over the summer.

The firm, which has its head office in Doncaster, told shareholders that order volumes have grown year-on-year since early September, following "significant decline" over the past two months. DFS said it is therefore on track to deliver pre-tax profits of £36m for the current full year.

In September, the retailer reported a significant slump in profits for the year to June as it warned that soaring bills meant fewer customers were looking to buy new furniture. It came as the business said it was being impacted by "industry-wide Covid-related supply chain issues, double-digit cost inflation on raw materials and ongoing colleague absence and skill shortages".

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