It has been revealed that furniture retailer DFS is expecting to achieve a record performance for its full year.
Figures in a post-close trading update shows that revenue increased 7% for the year to July 30th, as well as revenue for the second half increasing 7% year-on-year, helped by DFS’s Sofa Workshop and Dwell subsidiaries which contributed 1% to overall growth.

Commenting, the company said: “This robust and consistent performance reflects the implementation of DFS's proven growth strategy, building on its established market leadership to further broaden product and brand appeal.

“This growth strategy is delivering ahead of the board's expectations in a number of areas and generating revenue growth above that seen in the retail furniture market.”

Regarding the EU Referendum, DFS remarked that results have not weakened, however the board does identify that UK furniture retailing faces a growing risk of a market slowdown with additional cost pressures from foreign exchange movements.

They added: “Overall the group remains very well positioned to mitigate economic headwinds with resilient features in its operating model giving it the potential to achieve continued growth in its share of the UK retail furniture market were such adverse conditions to arise and persist.”