Belfast Telegraph

Trading not so comfy for sofa company

By Ravender Sembhy

Sofa chain DFS, which has one store in Northern Ireland, has warned over profits after the general election and an "uncertain macroeconomic environment" led to weak trading.

The retailer, which operates a shop on Belfast's Boucher Road, said that since March it has seen "significant declines in store footfall", leading to a material reduction in customer orders.

As a result it now anticipates full-year operating profit to be lower than market expectations and in the range of £82m to £87m.

DFS said: "We believe these demand effects are market-wide, in line with industry indicators, and are linked to customer uncertainty regarding the general election and the uncertain macroeconomic environment.

"The upholstery market does see short-term demand fluctuations from time to time, within an overall historical trend of long-term growth."

Belfast Telegraph