July 14, 2020 / 6:43 AM / 22 days ago

Britain's DFS Furniture sales slump as lockdown hits

July 14 (Reuters) - DFS Furniture said on Tuesday annual revenue slumped roughly 27% as deliveries of sofas and furnishings were held up during the coronavirus lockdown, though the UK retailer signalled a strong pickup in orders ever since stores re-opened.

The sofa and upholstery retailer said revenue for the year ended June 28 dropped by about 271 million pounds ($339.83 million) to 725 million pounds as it had to comply with government-mandated restrictions in the final quarter.

$1 = 0.7974 pounds Reporting by Pushkala Aripaka in Bengaluru, Editing by Sherry Jacob-Phillips

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