Weather warms up rev­enue at Dunelm

Yorkshire Post - Business - - BUSINESS -

HOME­WARES RE­TAILER Dunelm Group said first-quar­ter rev­enue rose nearly 25 per cent as favourable weather drew more cus­tomers to its stores.

Dunelm, which sells cush­ions, bed­ding and kitchen equip­ment, said rev­enue for the 13 weeks to Septem­ber 30 rose 24.8 per cent to £247.9m.

Sales at its stores open for over a year rose 9.3 per cent.

Andy Har­ri­son, chair­man of Dunelm, said: “We have main­tained the good mo­men­tum from the fi­nal quar­ter of the last fi­nan­cial year.

“Our like-for-like sales were boosted by favourable weather com­par­a­tives and, pleas­ingly, we con­tinue to out­per­form the home­wares market, with strong growth across the busi­ness, es­pe­cially on­line.

“The in­te­gra­tion of the World­stores busi­ness con­tin­ues on plan, with good progress in the quar­ter.

“We are well on the way to be­com­ing a gen­uine multi-chan­nel re­tailer, with 16 per cent of sales in the quar­ter on­line, 19 per cent in­clud­ing Re­serve and Col­lect.

“We head into the sec­ond quar­ter hav­ing opened a num­ber of new stores and with an im­proved sea­sonal of­fer for the Christ­mas pe­riod, which we’re sure will res­onate well with cus­tomers.”

The busi­ness said group gross mar­gin in the quar­ter was in line with its ex­pec­ta­tions.

Dunelm opened five new stores in the pe­riod, tak­ing its su­per­store foot­print to 165 stores.

ANDY HAR­RI­SON:‘We have main­tained the good mo­men­tum from the fi­nal quar­ter.’

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