DFS warns of rising costs amid the Budget and weaker demand

The furniture group DFS has warned of weaker demand and there will be an increase in prices due to the Budget.

DFS reported an increase in profits for the six months to 29 December which is expected to be £17 million and the company said that trading is « in line with expectation » however winter sales was a « less positive market outlook. »

Chief executive Tim Stacey said the market for DFS’s products “remains relatively subdued”.

He added, “We remain focused on executing our plan, and are cautiously optimistic despite the increased inflationary pressures and less positive market outlook for 2025.”