Homewares specialist Dunelm has generated a rise in fourth-quarter and full-year sales and said it will “not stand still” in a tough trading environment.
Dunelm achieved a 4% upift in fourth-quarter revenues, while for the year to June 28 sales advanced 3.8% to £1.77bn. The retailer, which has just named Clodagh Moriarty as its new chief executive, expects to report full-year profits in line with consensus.
Dunelm said it had made “good progress against strategic priorities and that among its categories “furniture continued to perform particularly strongly” in the final quarter, when outdoor furniture and decorative outdoor accessories sold especially well.
The retailer said: “While we are yet to see signs of a consumer recovery, we continue to invest in the business and make progress against our strategy, as we are confident in our plans and ability to deliver further market share gains. We are focused on staying relevant for our customers.”
Chief executive Nick Wilkinson, who will hand over the reins in October, said: “We’ve had a good final quarter with continued growth and further strategic progress. Customers responded well to offers across our categories in our summer sale, and we saw strong demand for our summer living ranges, particularly as customers focused on their outdoor spaces during the warmer weather.
“Amidst muted consumer confidence, we are not standing still waiting for a recovery. We are instead focused on delivering relevance to our customers, to help build greater trust in the quality, value and breadth of our offer, harnessing our unique strengths as a multi-category specialist. As we progress our ambitions to gain further market share, we remain confident in our ability to unlock our full potential as the home of homes.”
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