Pent-up demand saw Dunelm achieve an 8.3 per cent increase in its sales to £388.8 million for the 13 weeks to September 25th as compared with the same period last year. However the business admitted that there were some supply chain issues and that whilst it was increasing prices on some products as a result of freight and related logistics problems, it generally had good stock levels.
The macro outlook remains uncertain, in particular regarding supply chain disruption and inflationary measures from freight and driver shortages. Whilst we are not immune to the challenges being widely reported, we feel well placed relatively to manage them. In particular, we have good stock levels across our stores, warehouses and supplier partners, a lower proportion of seasonal ranges within our product offer, and also benefit from a higher propensity for customers to substitute products within homewares categories, given our broad range, Dunelm commented.
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