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.”
dunelm, reports, revenue, reveals, supply, issues
Image source : cityam.com
▼ Related news : 
Accelerize Inc. Reports Record Full Year 2016 Revenue of $23.8 Million with Monthly Recurring License fees increasing 25% Year over Year
World News  
Atento Reports Fiscal 2016 Fourth-Quarter and Full Year Results, Highlighted by Revenue Diversification, Margin Protection and Strong Cash Flow Generation Company Announces Agreement to Acquire Majority Stake in Interfile, A Leading Provider of Credit Ori
World News  
Silver Wheaton Reports Record Revenue and Sales Volumes in 2016 and Announces Proposed Name Change to Wheaton Precious Metals
World News  
27-03-17 Social collaboration agreements with software supply companies for the SII (Immediate Supply of Information)
World News  
Govt team off to India to renew fuel supply pact
World News  
Australian canola competing with large oilseed supply globally
World News  
Bisalloy Announces Co-Operation Agreement with Swebor for Middle East Steel Supply
World News  
Press Release: Coalition of food supply chain bodies outline joint priorities on trade
World News  
DIKOO 12V DC 1A Wall Adapter Power Supply 100-240V - 5.5 x 2.1mm US Plug (2M)
World News  
Oil nations look at extending supply cut
BBC News  
Signature of a Loan Agreement for Financing the Potable and Irrigation Water Supply Project in Bcharre District in the Republic of Lebanon
World News  
Re-Advertisement of Supply and Delivery of Computer and Other electronic equipments
World News  
France: Two charged over arms supply to airport attacker
World News  
Venezuela's President Maduro seeks UN's help to increase medicines supply
International Business Times  
Latest news and headlines !

: Italy could soon become the first Western country to offer paid ‘menstrual leave’ to women who experience painful periods. ......

: A village school has received a letter of congratulations from schools minister Nick Gibb after being named one of the country’s best.

: MENACING North Korean athletes open fire at US military forces in a terrifying propaganda chilling clip released by crazed despot Kim Jong-un.

: One of East Anglia’s most colourful fund-raisers is soon to be showcased.

: Ingeborg Syllm-Rapoport, who became Germany's oldest recipient of a doctorate almost 80 years after fleeing the Nazis, has died. ......

: Mother of Westminster attacker Khalid Masood says she is "shocked, saddened, and numbed" by his actions

: When you were studying for your English literature standard grade, chances are you resented being forced to trawl through certain plays and write essay after essay...

: The videos appear under the tag 'kids' yet they actually show explicit content.

: Storms often wash up items including oil drums, cocaine and other drugs.

: An Austrian court has found a man guilty of terrorism-linked charges for spreading Islamic State group propaganda, and sentenced him to prison. ......

: The original lead singer of the British band The Foundations, Clem Curtis, dies at the age of 76

: It is unknown if it the weapon is an air gun or a real gun.
About newsoneplace.com - Privacy & Terms -
Copyright © 2015 www.newsoneplace.com