Dunelm profits and sales slide despite homewares boom
Dunelm has posted a fall in full-year profits as store closures during the coronavirus crisis dented its sales.
The homewares specialist suffered a 13.3% drop in pre-tax profit to £109m in the 52 weeks to June 27, as the retailer grappled with the impacts of the pandemic.
Sales fell 3.9% year on year to £1bn, despite a 6.8% rise in sales in the eight months to February – the period before the pandemic struck.
Dunelm recorded a spike in online sales, which more than doubled year on year after its stores were forced to close during the fourth quarter.
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