Dunelm reports “massive leap forward” as revenues rise
Dunelm, the Leicester homewares giant, has reported healthy growth for its fourth quarter.
The firm is reaping the benefits of its Worldstores acquisition, and says revenue for the fourth quarter rose by 17.7% to £240m. Total revenue, excluding Worldstores, rose by 6.7% to £217.4m.
John Browett, chief executive, 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 e-commerce 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.”
