DFS saw revenues in fall in the year to June after deliveries were suspended but has since resumed full operationsFurniture retailer DFS has reported better than expected trading as consumers spend more on their homes - but cautioned on"significant uncertainty" ahead.
The group said it enjoyed strong order growth worth about £70m in extra revenues over the last six weeks compared to the same period last year, adding to a £100m boost earlier in the summer.restrictions forced it to suspend deliveries, with revenues down by £271m over that period.But it has since resumed full operations and said trading in recent weeks was"significantly ahead" of expectations. Shares opened 15% higher on the update.
DFS said the upturn partly reflected consumers"currently spending more on their homes relative to other sectors" as well as the release of"latent demand" built up during the lockdown.It also pointed to its own efforts in shaping a"hybrid" online and bricks-and-mortar retail presence"which is particularly relevant in this consumer environment".
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