Home spend­ing lifts the gloom for sofa chain DFS

The Daily Telegraph - Business - - Business -

Fur­ni­ture chain DFS’s an­nual sales fell from £1.17bn to £935m due to the forced clo­sure of its stores dur­ing lock­down, push­ing the chain to a £81.2m pre-tax loss com­pared to a £22.4m profit last year. But sales via the in­ter­net and its show­rooms have been strong since re­open­ing, with cus­tomers spend­ing more on their homes. No fi­nal div­i­dend has been de­clared, to pre­serve cash.

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