Britain's DFS Furniture sales slump as lockdown hits
14 Jul 2020 / 14:45 H.
July 14 (Reuters) - DFS Furniture said on Tuesday annual revenue slumped roughly 27% as deliveries of sofas and furnishings were held up during the coronavirus lockdown, though the UK retailer signalled a strong pickup in orders ever since stores re-opened.
The sofa and upholstery retailer said revenue for the year ended June 28 dropped by about 271 million pounds ($339.83 million) to 725 million pounds as it had to comply with government-mandated restrictions in the final quarter.
($1 = 0.7974 pounds) (Reporting by Pushkala Aripaka in Bengaluru, Editing by Sherry Jacob-Phillips)
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