Full Year Results 

Dunelm still working on Worldstores

Dunelm still working on Worldstores

Homewares retailer Dunelm (DNLM) once again reported slipping like-for-like sales in these full-year results, but the fall of 0.5 per cent was modest in comparison with the half-year stage. As before, this was attributed to unusually warm weather leading to decreased footfall. On the bright side, though, online sales were up 24 per cent, excluding the acquired Worldstores operations, and now account for 8.5 per cent of the underlying business, up from 7 per cent in the previous year. Same-store sales were reportedly better in the first two months of the 2018 financial year thanks to more favourable weather, but management noted the trading climate was likely to remain challenging as the disposable income of UK consumers came under pressure.

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