DFS reports improved trading as it appoints interim chief financial officer
DFS has announced that its improved trading performance has continued into its new financial year.
The furniture retailer had previously reported better trading in the final quarter of the year ending 30 June, with year-on-year growth in order intake.
In a statement ahead of its annual general meeting today, DFS said the trend has continued, with order intake remaining in growth over the first 20 weeks of the new financial year, in line with expectations.
It has also continued to make progress in cutting costs.
DFS has also announced that Marie Wall will be joining the company as interim chief financial officer on 2 December, reporting to DFS chief executive Tim Stacey.
This follows an announcement in October that John Fallon would be stepping down from the role on 22 November and will leave the business on 17 January.
Wall has previously held senior finance roles at Wolseley and Dixons Carphone and most recently was deputy chief financial officer at Imperial Brands.
Stacey said “I am very pleased to welcome Marie to our group. She is a strong addition to our leadership team bringing with her a wealth of financial leadership experience, as we pursue our growth strategy.”
