Dunelm looks to new openings for growth

Out-of-town homewares retailer Dunelm said today that it was still growing despite the challenging trading conditions.

Dunelm looks to new openings for growth

The group reported total year-on-year sales growth of 9.4% to £139m for the 13 weeks to April 2, though that was down on the 12.8% growth of the previous year. And like-for-like sales fell 1.3% year on year.

The growth was down to two new superstores opened during the period, in Scarborough and Truro, each of which have started trading strongly.

Dunelm’s new CEO, Nick Wharton, said: “Against strong prior year comparatives and difficult trading conditions, it is pleasing to see the continued growth of our business through new stores and a further strengthening of our market position through share gains.

“We have maintained our disciplined approach to the management of gross margin and operating costs.”

He warned that the consumer environment would remain “very challenging” but was confident of delivering further growth.

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