THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Dunelm profits from wet weather

Homewares retailer Dunelm saw like-for-like sales growth of 10.4% in its fourth quarter as the rainy weather in the period drove strong footfall in its stores. This compares to growth of 1.9% in the same period last year.

GENERAL MERCHANDISE

Dunelm profits from wet weather

Homewares retailer Dunelm saw like-for-like sales growth of 10.4% in its fourth quarter as the rainy weather in the period drove strong footfall in its stores. This compares to growth of 1.9% in the same period last year.

Total revenues increased by 21.2% in the 13 weeks to 30 June while gross margin is expected to increase by approximately 20-30 basis points for the full financial year.

Dunelm said it now expects that pre-tax profit for the year to be around £96 million which is ahead of current consensus expectations.  The company has attributed £2.5 million of this outperformance to the "exceptional weather benefit" in the second half of the financial year.

The company opened a new superstore in Greenford in the quarter, bringing the total number of openings in the financial year to 14 including two relocations. It now operates 115 superstores and has ten new stores in the pipeline. 

Chief Executive Nick Wharton commented: "The final quarter has seen further strong progress throughout the business, with robust like-for-like sales trends.

"Looking ahead, we anticipate that consumer spending will remain under pressure. Nevertheless, with ten further store openings committed, a strengthening multi-channel offering and with our unique proposition resonating with a wide range of customers, we remain confident in the future growth prospects for the business."

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019