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DFS reports improving performance after new store openings Thursday, 21st June 2012
DFS has hailed an improvement in its performance and said it continues to gain market share after gear up expansion plans in the third quarter of its financial year.
The retailer has reported a 21 per cent fall in underlying earnings to £44.5 million in the nine months to 28 April.
Sales dipped eight per cent in the period to £446.8 million compared with £486 million in 2011. This was a slight improvement on the ten per cent decline in the first half.
According to the company, costs relating to the launch of 12 new stores reduced earnings by £3.1 million during the first nine months.