By Leanne Carr2019-10-08T05:30:00
After mixed results from furniture retailers DFS, Eve and ScS, Retail Week looks at how the big-ticket furniture retailers are performing and what their prospects are in uncertain times.
As retail’s golden quarter gets under way, furniture and big-ticket homewares retailers are preparing for their own high season that kicks in just after Christmas.
Following a difficult few years for many furniture groups, a suite of results over the last few weeks indicates - on the surface at least - that the sector is well-upholstered.
Sofas market leader DFS, for instance, reported a 31.1% increase in pre-tax profits to £50.2m, and earnings at competitor ScS advanced 4.6% to £14.3m.
However, furniture groups are not sitting comfortably. While the financial years recently ended brought improved performances, there are concerns the nicely plumped up cushions may soon start to lose their bounce.
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