Thursday, July 20, 2017

Dunelm reveals solid growth

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Dunelm recorded three months of growth in its set of third quarter results, with revenue growing by 5.9%. 

The home furnishings retailer pointed out that due to the 53rd week included in its last financial year, the period included six days fewer Winter Sale days year-on-year, reducing like-for-like growth by 4.9% (£1m)

Strong footfall in like-for-like stores was boosted by Winter Sale performance. 

Store estate for the FTSE 250 retailer also grew, with the opening of one new superstore opened and a number of medium-sized refits completed.

Online, Dunelm delivered steady growth, leaping 27.6% n home delivery sales.

“We have enjoyed a good Easter, are looking forward to a successful final quarter and are confident of achieving our expectations for the full year,” said Dunelm CEO John Browett., who joined from Monsoon Accessorise.

“We are pleased with the strong underlying sales growth during the last quarter following the unhelpful, mild conditions experienced in Q2. Overall we continue to increase our Homewares market share,” he added.

“We continue to work hard on delivering our key projects across the business and remain excited about substantially improving the business for our customers, both in store and online, over the medium term, and developing Dunelm into a truly national homewares brand.”

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