2nd Oct 2013 06:34
LONDON (Alliance News) - Dunelm Group plc (DNLM.L), a homewares retailer, Wednesday reported total sales of 154.3 million pounds for the first quarter, a 1.7 percent increase from prior year's 151.8 million pounds. The company said the trading was volatile during the tri-monthly period, reflecting unusual weather conditions, resulting in a 5.3 percent like-for-like sales decline.
The group has 126 superstores across UK, and 12 openings are now under contract, including two relocations. Dunelm expects to commence the trading before Christmas.
Nick Wharton, Chief Executive, commented: "As previously indicated, the hot weather made it a difficult start to the quarter for Dunelm with trading in the early weeks significantly affected by lower footfall. A return to like-for-like growth over the remainder of the quarter underlines the quality and strength of the Dunelm offer and we continue to see good opportunities for growth both through new stores and multi-channel. The development of our customer offer continues, including a major TV advertising trial now under way which is designed to communicate better our market leading proposition."
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