Dunelm reports revenue hike but reveals supply chain issues hit store sales

  City A.M 
Dunelm investors seemed unimpressed with this morning's report on trading in the 13 weeks to 31 December, despite group sales increasing by 6.6 per cent year-on-year. Like-for-like sales from stores declined, by 1.4 per cent, to £215.6m. The company blamed supply chain issues for this reduction but said it had been making improvements by opening a new warehouse and consolidating suppliers. The group said these initiatives had caused "some disruption to in-store availability during the quarter" - Dunelm incurred £3m of additional transitional costs as part of that process. However, the company said today that availability has "already improved to near normal levels and we should see significantly less transitional costs in the second half of the year". And the performance in the last quarter was an improvement on the same period of last year, when the homeware chainblamed warm weather for a disappointing 0.8 per cent slide in sales . Dunelm's home delivery division saw a massive sales increase over the Christmas period, rising 21.7 per cent to hit £20.1m. This resulted in a total like-for-like sales increase of 0.2 per cent. Shares in the company were down 1.56 per cent this morning. The group said it opened five new stores in the 13 week period, and is "legally committed to a further seven new stores of which five are due to open in the current financial year". “Following a difficult first quarter we have seen an improvement in performance both in our stores and online," said Dunelm chief executive John Browett. "It was encouraging to see customers respond well to our seasonal product lines, especially our new Christmas offer. We have continued to outperform the homewares market in what is a challenging and volatile retail environment. “We were pleased to complete the acquisition of Worldstores in the quarter and remain excited by the opportunity it gives us to accelerate the growth of our online proposition."“We continue to focus on and invest in our key strategic initiatives, which will improve the business over the medium term, whilst ensuring we maintain our unique offer of tremendous value for money, combined with an unrivalled range and great service.” ▶ Full story on cityam.com

Image source : cityam.com
▼ Related news : 

World News  

World News  

Reuters  

World News  

World News  

World News  

World News  

WalesOnline  

WalesOnline  

World News  

World News  

World News  

World News  

World News  
Latest news and headlines !
  The sniper reportedly killed an Isis jihadist from 2.1 miles (3,540m) in Iraq last month.
  Eleven blocks across eight local authority areas have been found to have potentially dangerous cladding
  The Egyptian knows the Premier League having spent time at Chelsea and boosts a European pedigree having starred for Basel and Roma
  • Former Chelsea winger signs ‘long-term’ contract • ‘I really want to win something for this club’Liverpool have completed the £36.9m signing of Mohamed Salah from...
  The celebrities who had sex at 35,000 feet, in a cupboard and on the way to the Oscars.
  I learned first-hand that talent doesn’t necessarily come with a college degree. Hopefully, employers will begin to extend opportunities to typically...
  The Prime Minister told a European Council summit in Brussels that she wanted to offer 'certainty' to the estimated three million EU...
  The stock market isn’t too happy with the price the world’s largest spirits company is paying for Clooney’s brand.
  She offered 'certainty' to the three million EU expats in the UK.
  No EU national currently living lawfully in the UK will be made to leave on the day of Brexit under proposals outlined by Theresa May to her European Union counterparts.
  An inquest heard how had sought Laura Bedernyak help for insomnia, sickness, and depression linked to her grief
  Hundreds of complaints about attacks, threats and vandalism directed against Muslim residents were received by GMP in the wake of the Manchester Arena attack on May 22.
  AMD made big waves in the industry this week with the launch of its 7000 series high-performance datacenter processors. . Today I wanted to focus on a different aspect ...
  Pulling out of the Paris Climate Agreement is a clear signal that we need solutions that can adapt to increasing emissions. Read about 3 social...
  Conservative radio host Hugh Hewitt will have his own show on MSNBC, sources say. The decision has alarmed liberals given Hewitt’s outspoken support for...
  NBA Commissioner Adam Silver predicted last month that LaVar Bell would “settle down” once his son officially joins the league. But the odds of Lonzo’s dad...
  Philip Ide photographed Prince George among pageboys and bridesmaid at Pippa Middleton and James Matthews' wedding in Berkshire on May 20.
  Actor Kevin Bacon said he feels "awesome" to be in Scotland for the world premiere of his latest film.
  The US has killed Abu Khattab al Awlaqi. one of Al-Qaeda's top men in Yemen. The airstrike took place on June 16 and was intended to destabilize the terrorist group,...
  He is expected to become an increasingly influential part of Steve Tandy's squad at the Liberty
  The Egyptian put pen to paper on a five year contract worth £90,000 a week, after the Reds agreed to pay ...
  The Rhinestone Cowboy crooner, 81, is in the last stages of Alzheimer's, but his loved ones have...
  Hubris is not becoming a leader. By refusing to step aside, Nancy Pelosi violates a creed that binds all leaders together. Leadership is not about you, the leader; it’s...
About newsoneplace.com - Privacy & Terms -
Copyright © 2015 www.newsoneplace.com