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Sofa so good

vivatifosi
vivatifosi Posts: 18,746 Forumite
First Anniversary 10 Posts PPI Party Pooper Mortgage-free Glee!
in Debate House Prices & the Economy
DFS sales rise gives hope to economy:

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9746802/DFS-sales-rise-gives-hope-to-economy.html

Sales up 12.3%
EBITDA up 17%

I wouldn't normally post a story like this, but any excuse to come up with a dreadful pun:D.
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Comments

  • coastline
    coastline Posts: 1,661 Forumite
    Photogenic Part of the Furniture Combo Breaker First Post
    might put a bottom on this recession...cushion the blow a bit...:)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Photogenic First Anniversary Name Dropper 10 Posts
    coastline wrote: »
    might put a bottom on this recession...cushion the blow a bit...:)

    More likely to add more of a spring.........:o
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary Combo Breaker First Post Name Dropper
    vivatifosi wrote: »
    DFS sales rise gives hope to economy:

    http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9746802/DFS-sales-rise-gives-hope-to-economy.html

    Sales up 12.3%
    EBITDA up 17%

    I wouldn't normally post a story like this, but any excuse to come up with a dreadful pun:D.

    Always good to celebrate a successful UK company. Compares very favourable with the great profits falling sales message below. Also very encouraged they have been working on the EBITDA, it was worring me!

    http://www.retail-week.com/sectors/home-and-diy/furniture/dfs-reports-record-profits/5041957.article
    19 October, 2012 | By Alex Lawson
    DFS enjoyed record profits last year as EBITDA rose 2.5% to £82m despite a fall in sales.


    The furniture specialist recorded a 2.1% fall in sales to £624.7m in the year to July 28.
    The retailer said sales increased by 6.6% in the second half of the year, recovering from a decrease of 10.3% in the first half.
    DFS invested £5.9m in the year in new stores and expanding its UK manufacturing operations.
    It said the group has “remained strongly cash generative” with free cash flow in the year of £36m. Net debt at the year-end was reduced to £159.6m from £182.2m in 2011
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  • Generali
    Generali Posts: 36,411 Forumite
    First Post Combo Breaker
    Has anyone ever paid full price for a DFS sofa? I have my doubts.
  • cookie_monster
    cookie_monster Posts: 2,116 Forumite
    Looking for a new sofa bed in the new year.
    I hate migraines.
  • John_Pierpoint
    John_Pierpoint Posts: 8,391 Forumite
    First Anniversary First Post
    edited 15 December 2012 at 10:53PM
    DFS was set up by a couple of guys in a disused cinema.
    http://en.wikipedia.org/wiki/DFS_%28British_retailer%29
  • MacMickster
    MacMickster Posts: 3,639 Forumite
    Name Dropper Part of the Furniture First Post
    vivatifosi wrote: »
    DFS sales rise gives hope to economy:


    Sales up 12.3%

    I'm confused. How can DFS increase their sales unless we increase the number of days in the year? Their sales last all year round already.

    Anyway, aren't they generally known as the Duff Furniture Store?
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    First Post Name Dropper Second Anniversary
    MacMickster wrote: »
    I'm confused. How can DFS increase their sales unless we increase the number of days in the year? Their sales last all year round already.

    Anyway, aren't they generally known as the Duff Furniture Store?

    It's a leap year ;)
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • wymondham
    wymondham Posts: 6,354 Forumite
    Mortgage-free Glee! First Post Photogenic First Anniversary
    Things should get even better for DFS as apparently ove the Christmas period is when most people aboslutely must buy a new sofa - according to the adverts anyway!
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Photogenic Name Dropper 10 Posts Second Anniversary
    Good news indeed... if loads of people keep buying new sofas I'll be able to track down a freebie on freecycle that's passable :)
This discussion has been closed.
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