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Dunelm warns on fourth quarter

Dunelm warns on fourth quarter

Most retailers are lamenting the March snowstorm known as the “Beast from the East” which has played havoc on recent trading figures. But homewares specialist Dunelm (DNLM) appears to have done the opposite. Instead of blaming the recent cold snap, it says the unusually hot and humid weather seen since mid-April has caused a material decline in store footfall during its fourth quarter. In fact, the decline has been so severe that three previous quarters of relatively better trading have effectively been wiped out, forcing the group to issue a profit warning.

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