1st Sep 2020 09:31
(Alliance News) - Dunelm Group PLC said Tuesday its sales in the past two months have been "strong", with the firm benefitting from "pent up" demand following store closures and the timing of its Summer Sale.
Shares in the homewares retailer were up 5.9% in London on Tuesday morning at 1,512.60 pence each.
Sales in July were up 59% year-on-year, while August recorded 24% growth.
"This performance reflects the strength of our proposition within a resilient homewares market, positive footfall growth to our mainly out-of-town superstores and continued strong growth in our home delivery offer," Dunelm added.
The retailer also noted its year to date performance has been "materially ahead" of the company's initial expectations, but said it is "very difficult" to provide any meaningful guidance on the future outlook.
"However, we remain confident in our ability to adapt to the environment and are well positioned to continue to grow market share," Dunelm said.
Dunelm will issue its full year results on September 10.
By Paul McGowan; [email protected]
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