DFS shrugs off weak market and rising costs to bounce back to profit

DFS achieved a £50 million cost-cutting programme a year ahead of schedule, it said (Alamy/PA) -

Sofa retailer DFS Furniture has returned to profit despite a “weak market environment” and soaring wage costs.

The group swung to a pre-tax profit of £32.9 million for the year to June 29 from a loss of £1.7 million the previous year as it notched up a 10.2% surge in like-for-like sales.