Dunelm

Homewares retailer Dunelm has reported ‘good growth’ within online platform, despite seeing its first quarter sales fall.

According to its latest Q1 trading update for the 13 week period ended 1 October 2016, total revenue slipped by 1.8% to £198.7m from £202.3m, with total like-for-like sales down by 3.8%.

Dunelm blamed ‘unusually warm weather’ that had a ‘dampening’ effect on store footfall, although within its online business – including home delivery sales up by 17.9%, performed well over the period.

The company said that net debt was approximately £83m, with daily average net debt across the period amounted to £76.5m.

Commenting on Dunelm’s performance, John Browett, chief executive, said: “As expected, the homewares market has fallen due to unusually warm weather and this has correspondingly impacted our store performance over the period given the reduced footfall to our out-of-town superstores.

“We are looking forward to a stronger second quarter as we continue to invest in extra seasonal space, new till systems, store refits and new store openings. We should also benefit from weaker comparatives.”