Abstracts - faqs.org

Abstracts

Retail industry

Search abstracts:
Abstracts » Retail industry

DFS hit by first profit fall in 28 years

Article Abstract:

Declining consumer spending has had a negative impact on DFS Furniture, the largest upholstery chain in the UK. The company has announced its first decline in profits for 28 years, and this has prompted City analysts to reduce forecasts for its 1999 profits by 20%. Furniture retailers have been badly affected by a trend among consumers away from expensive items such as sofas and armchairs as they become more concerned about income and job security and focus on essentials such as food and clothes.

Author: Guerrera, Francesco
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
Furniture Stores, Finance, DFS Furniture Company PLC

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


No Christmas cheer for British industry

Article Abstract:

The UK manufacturing sector is facing significant difficulties. A considerable number of factories have had to shut down temporarily, while others are operating a shorter working week. The manufacturing sector has been in decline throughout the whole of 1998, with around 60,000 jobs having been lost. However, this decline has accelerated as the year draws to an end. The main factors having a negative impact on manufacturing include the strength of the pound and cheap imports from Asia.

Author: Guerrera, Francesco
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
Manufacturing Production, Manufacturing industry, Manufacturing industries, Economic aspects

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Similar abstracts:
  • Abstracts: Ebner at centre of 'sweetheart' claim. DTI bars Ladbroke from buying Coral. GCHQ deal shows PFI is here to stay
  • Abstracts: City that came in from the cold. Where to find your Latin lava
  • Abstracts: Robot subs take film of sunken Gaul. Local council debts rival India's
  • Abstracts: Stop squirreling - start filing. Time to play equity card
  • Abstracts: Goodbye to the golden calf. The Danish invasion. At the age of enlightenment
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.