DFS Furniture Appoints Interim CFO, Sees Trading Performance Improvement

In an update on Friday, DFS Furniture (LON: DFS) announced an improvement in its trading performance and appointed a new Interim Chief Financial Officer.

The furniture retailer revealed that order intake has remained in growth over the first 20 weeks of the current financial year, building on the positive momentum seen in the final quarter of the previous year.

Shares of DFS opened higher on Friday and, at the time of writing, are up 0.8% at 133.8p a piece. For the year-to-date, the stock is up over 13%.

Cost-cutting measures implemented at the company in the past year are said to have also continued to deliver benefits.

Meanwhile, DFS also revealed it has made an appointment to its financial leadership team, with the company hiring Marie Wall as Interim Chief Financial Officer.

Wall, who brings a wealth of experience from companies like Imperial Brands, Wolseley, and Dixons Carphone, will join the business on 2 December 2024.

John Fallon, the outgoing CFO, will step down from the board on 22 November 2024 and leave the company entirely on 17 January 2025.

Steve Johnson, Chairman of DFS, 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.”

CEO Tim Stacey also welcomed Wall, emphasising her strong financial leadership experience and its potential to contribute to the company's growth strategy.