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Strong sales calm DFS's future fears

By Staff Reporter

Sofa chain DFS, which has two stores in Northern Ireland, has said sales continued to rise in the first half of the year and it is well positioned to weather any potential dip in consumer confidence.

DFS's gross sales in the 26 weeks to January 28 rose by 7%, with an encouraging contribution from its Dwell and Sofa Workshop brands.

But in a first-half trading update, it warned of an "increased risk" of a market slowdown.

"We recognise that in 2017 the retailing of furniture in the UK faces an increased risk of a market slowdown given the uncertain outlook for consumer confidence," the firm said.

"However, with its resilient operating model, we believe the group remains very well positioned to respond to economic headwinds and cost pressures while achieving continued growth in its share of the UK retail furniture market."

The company has stores in Belfast and Londonderry.

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