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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/dfs-reports-solid-sofa-sales.jpg"><img class="alignnone size-full" title="DFS reported a better-than-expected first quarter" src="http://londonglossy.com/wp-content/uploads/2010/12/min-dfs-reports-solid-sofa-sales.jpg" alt="DFS reported a better-than-expected first quarter"/></a></p>
<p>DFS Furniture reported back on a better-than-expected first quarter after the UK&#8217;s biggest sofa retailer saw sales rise 4.2%.</p>
<p>The group &#8211; sold by founder Lord Kirkham to private equity in April &#8211; notched up revenues of £149.6 million in the 13 weeks to October 30.</p>
<p>But it signalled the snow and ice had since hampered sales growth as it said trading held firm &#8220;up to the period of recent adverse weather conditions&#8221;.</p>
<p>DFS said the impact was limited, as December is traditionally a quieter month for the group, which sees its peak trading start on Boxing Day.</p>
<p>Other retailers have been hit hard by the freezing weather as shoppers have been snowed in during the critical run-up to Christmas.</p>
<p>Ann Harvey and Dash womenswear group Alexon warned over profits earlier this week after sales plunged by 20% in recent weeks due to the snow.</p>
<p>Many high street stores were hoping to claw back some of the lost trade on Thursday, in what was expected to the busiest shopping day.</p>
<p>DFS, which has 74 sofa stores and five dining furniture outlets, revealed that underlying earnings edged up to £15.2 million in the first quarter from £15.1 million a year earlier.</p>
<p>Ian Filby, DFS chief executive, said the performance marked &#8220;solid results in what has remained a challenging trading environment&#8221;.</p>
<p>He added: &#8220;Despite adverse exchange rate movements and a rise in the cost of our interest-free credit offer, these results are ahead of our targets.&#8221;</p>
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