DFS hails improved trading, appoints interim CFO

(Sharecast News) - DFS Furniture hailed an improvement in trading on Friday as it announced the appointment of an interim chief financial officer. In its full-year results in September, the furniture retailer had pointed to an improvement in trading in the final quarter of the period, with year-on-year growth in its order intake.

"This trend has continued into the current financial year, with order intake remaining in growth over the first 20 weeks of the period, in line with our expectations," it said.

In addition, DFS said the progress made on reducing its cost base through FY24 has continued through the current financial year to date.

DFS also announced that Marie Wall will be joining the business as interim CFO on 2 December, reporting into chief executive officer Tim Stacey. Wall has previously held senior finance roles at Imperial Brands, Wolseley and Dixons Carphone.

The retailer confirmed that John Fallon will step down on 22 November and will leave the business on 17 January 2025, "ensuring a thorough handover to Marie".

Chairman Steve Johnson said: "Marie's experience and skills make her ideally suited to take on the role of Interim CFO, I am delighted Marie has agreed to join DFS at this key moment for the group."