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.”