Dunelm records Q3 profits & sales uptick

SAHAR NAZIR | April 10, 2019

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Dunelm has revealed positive third-quarter sales across its stores and online.The homewares retailer recorded a 6.1 per cent rise in group revenue year-on-year to £284.5 million in the 13 weeks to March 30. Like-for-like store sales increased by 9.8 per cent, while online sales increased 32.1 per cent in the period. Meanwhile, Dunelm said its new digital operating system in stores is due to be out soon, as it aims to remain mindful of causing disruption to the strong growth trend it has experienced on its existing online platform. The retailer said its digital operating system, along with increasing marketing costs and higher than average bonus payouts to store staff, would result in the second half operating cost to sales ratio “being slightly higher than the same period last year”.

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