Dunelm posts strong third quarter growth
Furniture retailer Dunelm increased its like-for-like sales by 12.5% in its third quarter after it attracted more customers to its brand.
Like-for-like sales in-store rose by 9.8% while online sales climbed by 32.1%. The retailer’s Reserve & Collect service and tablet-based selling in-store accounted for 18.5% of revenue to mark a 4.1% rise year-on-year.
Meanwhile, group revenue rose by 6.1% to £284.5 million.
Nick Wilkinson, Dunelm’s chief executive, said: “We are delighted that customers continue to respond well to our improving homewares offer as we help them create a home they love. The strong growth in the third quarter reflects our ongoing focus on attracting more customers to the brand and giving them more reasons to shop with us through great product and service. Our performance was also buoyed by a positive homewares market.”
Despite the current political and econmoic uncertainty in the UK, the company is expecting to report a full year pre-tax profit slightly ahead of the top of the range of current analysts’ forecasts if there is no significant change in consumer demand.
Wilkinson added: “Our multichannel proposition is improving all the time and we are excited about the opportunities ahead of us as we continue to invest in and develop our digital capabilities.”
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