Dunelm Q4 sales fall

Group says 'market will continue to get tougher'.

Sales for the 26 weeks to 28 June rose by 10.5 per cent to £194.4m, but remained flat on a like for like basis. 52-week sales of £391.8m were also up by 10.5 per cent, or up 2.5 per cent like for like. After seven consecutive quarters of lie for like growth, a decline was experienced in the final quarter of the financial year just ended.

the Group now trades from 76 superstores and 13 older format high street stores. Leases have already been signed for seven units due to open in FY09 or early FY10. Conditions in the retail property market continue to favour strong occupiers and Dunelm is confident that the number of new openings in FY09 will at least equal the figure for FY08.

Will Adderley, Chief Executive, commented: 'Whilst many home-related retailers are feeling an impact from negative macro-economic factors, Dunelm is more resilient than most - 'simply value for money' is more appealing than ever at times like this. Our focus remains to keep doing the best job we can for our customers, and our stores are in good shape."

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