All the updated news related to tim stacey

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City

DFS sees profits knocked after £21m supply chain hit

Sofa chain DFS posted a drop in half-year sales and profits as it revealed a hit of around £21 million from supply chain difficulties and warned of ongoing disruption. The retailer reported pre-tax profits tumbling 70% to £21.6 million in the six ...

15 Mar 2022 at 10:25

City

DFS predicts profit improvement over year ahead despite pressure on sales

Sofa chain DFS Furniture has revealed falling full-year sales as trading conditions proved “significantly worse than expected”, but said cost-cutting actions are helping to limit the hit to profits. The group reported a 4% drop in gross sales ...

17 Jul 2023 at 10:52

City

Sofa seller DFS sticks to profit guidance despite sector slowdown

Sofa seller DFS Furniture said it has largely weathered a downturn in demand caused by hot conditions in the autumn. Bosses said on Friday that by reducing the business’s costs they would likely manage to ensure that a hit to the company’s ...

19 Jan 2024 at 09:20

City

DFS cuts guidance after demand ‘weakened significantly’

Furniture retailer DFS has cut its sales and profits targets for the year after demand “weakened significantly” over the past two months. The sofa specialist also warned that profits could be knocked further if disruption to shipments ...

19 Mar 2024 at 12:56

City

DFS boss says firm could benefit from a US-China trade war

The boss of furniture giant DFS has said the firm could get a boost from the trade war between the US and China if the escalating tensions over tariffs help drive down supply costs. Chief executive Tim Stacey said the firm imports ...

13 Mar 2025 at 13:28

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