53
Fashion Jobs
ZALANDO
Head of Engineering - Emerging Propositions
Permanent · HELSINKI
VERO MODA
Myyjä (Vuorotteluvapaasijaisuus) Vero Moda Seinäjoki
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
Beauty Advisor - Sokos Helsinki (Fulltime Temporary)
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Full Time Beauty Advisor - Vantaa Airport, Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
Permanent · TURKU
MUJI
Avoin Hakemus - Myymälä
Permanent · HELSINKI
MUJI
Avoin Hakemus - Ravintola
Permanent · HELSINKI
JACK & JONES
Myyjä Jack & Jones Helsinki Outlet
Permanent · HELSINKI
MANGO
Sales Assistant
Fixed-term · VANTAA
RITUALS
Sales Advisor (Summerextra) - Tampere - Ratina Shopping Center
Permanent · TAMPERE
RITUALS
Sales Advisor (Summerextra) - Vantaa - Jumbo
Permanent · VANTAA
JACK & JONES
Kesätöihin Myyjäksi Vero Moda / Jack & Jones Porvoo
Permanent · PORVOO
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Mikkeliin
Permanent · MIKKELI
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Ouluun
Permanent · OULU
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Vaasaan
Permanent · VAASA
MONKI
Sales Advisor, 10h (Summer Help Temporary)
Fixed-term · VANTAA
VERO MODA
Myyjä Vero Moda Seinäjoki Idepark
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
MASSIMO DUTTI
Sales Assistant Massimo Dutti, Helsinki
Permanent · HELSINKI
H&M
Sales Advisor, 15h - Kesätyö
Permanent · SEINÄJOKI
H&M
Sales Advisor, 10h - Kesätyö
Permanent · KOTKA
Published
Oct 5, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Profits drop at DFS in ‘challenging’ year despite strong fashion licenses

Published
Oct 5, 2017

Living room furniture retailer DFS experienced a sharp drop in its annual profits after a “significant deterioration in the consumer market” impacted sales in the second half of the year.


DFS


The company recently signed a licensing deal with Joules to create the product for that brand's first foray into sofas but those products aren't yet available to lift it out of the gloom it endured during the latest half. It also works with French Connection and while it had little to say about that license on Thursday, last month the fashion firm said that the collaboration was performing well.

Meanwhile, DFS said the continued weakness of the pound against the dollar also contributed to its decrease in reported profit before tax. Profit for the 52 weeks ended 29 July sank 22.3% to £50.1 million, despite a 0.9% increase in revenue to £762.7 million.

DFS blamed the “very challenging” UK furniture market environment, but focused on highlighting the strategic progress it made during the year. In addition to signing a deal to acquire Sofology, the company partnered with British fashion brand joules on its first sofa collection, and opened three new large format stores in the UK and Ireland.

Meanwhile, omnichannel is proving to be an effective strategy, with strong double-digit growth in online revenue.

"We have continued to make good strategic progress across all our key areas of growth, while our financial performance reflects the current challenges of the UK furniture market. In particular we were delighted to announce the acquisition of Sofology and the exclusive licensing partnership with the British lifestyle brand Joules,” said CEO Ian Filby.

DFS’s results revealed on Thursday stand in stark contrast to Made.com’s, published earlier this week. The online furniture retailer reported a surge in sales for the year to 31 December 2016 and turned in a maiden UK profit of £49 million.

Copyright © 2024 FashionNetwork.com All rights reserved.