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
Dunlem fourth quarter trading boosted by Worldstore sales

Homewares retailer Dunlem has seen its like-for-like sales increase by 3.8% in its fourth quarter although its full year like-for-likes declined by 0.5%.

HOME & DIY

Dunlem fourth quarter trading boosted by Worldstore sales

Homewares retailer Dunlem has seen its like-for-like sales increase by 3.8% in its fourth quarter although its full year like-for-likes declined by 0.5%.

In the 13 weeks to 1 July, total revenue rose by 6.7% to £217.4 million. When Dunelm’s recently acquired Worldstores was included, revenue increased by 17.7% to £240 million.

The fourth quarter results helped Dunelm’s full year revenue to rise by 8.5% to £955.6 million.

In a statement, Dunelm said it was “particularly pleased” with the strong growth in its home delivery sales which was due to the continued development of its online offering and the launch of Worldstores products on the Dunelm website. Overall around 20% of Dunelm’s sales are now generated online.

During the quarter, the company invested in allocating more space and improving the range of seasonal products which delivered sales growth of 70%. This helped mitigate some of the impact of hot weather conditions late in the quarter during its summer sale.

Dunelm chief executive John Browett said: "The Worldstores acquisition will provide a massive leap forward to our online and store offer that we think our customers will love. The integration is going well and we are confident in the benefits it will generate. With around 20% of our sales now generated online, we believe that we have arrived as a significant ecommerce player in homewares.

"We've seen a good quarter of trade with positive like-for-like sales growth and a very strong online performance. Encouragingly, we continue to take market share.

"We continue to invest in the business for the longer term to improve our customer proposition and infrastructure and, despite an uncertain consumer environment, we go into the next financial year with some good momentum.”

Dunelm now expects pre-exceptional profit before tax for the year to 1 July 2017 will be in the range of £109 million to £111 million.

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

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
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
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 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.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process