Homeware retailer sees revenues reach nearly £300m - Business Leader News

Homeware retailer sees revenues reach nearly £300m


Dunelm has announced second quarter revenue of nearly £300 million

Homeware retailer Dunelm have seen its second quarter revenues nearly reach the £300 million mark.

The company has reported revenue of £297 million, an increase of 13.6%, in the 13 weeks to 30 December 2017.

The rise brings half-year revenue to £545 million, an increase of 18.4%.

Chairman Andy Harrison said: “After a good first quarter, it is pleasing to see our sales momentum maintained with total sales growth, and like-for-like sales growth, of 13.6% and 3.4% respectively in the second quarter.

“Continuing rapid like-for-like online growth, of 36.8% in the first half, coupled with passing the first anniversary of the Worldstores acquisition, has helped our online sales grow to 16% of total sales in the first half (18.5% including reserve and collect). We are well on the way to becoming a genuine multi-channel retailer.”

The company, which has headquarters in Syston, Leicester, has opened five new stores in its second quarter, bringing the total number of its stores to 169 across the UK.

Dunelm reported in its final quarter of its 2017 financial year that like-for-like sales beat expectations to rise 3.8%.