Home Business News Dunelm consumer spending ‘under pressure’

Dunelm consumer spending ‘under pressure’

by Thea Coates Finance Reporter
18th Apr 24 9:21 am

Dunelm has said that over the past quarter consumer spending continues to remain “under pressure” and shares in the company fell in early trading.

The homewares retailer revealed that it has been a “challenging sales environment” and in the 13 weeks to 30 March sales rose by 3% to £435 million.

Nick Wilkinson, chief executive officer of the Leicester-based firm, said: “We have delivered a resilient performance in Q3, with continued volume-based sales growth through a period of more challenging and volatile market conditions.

“Whilst discretionary spend remains under pressure, our relevant and attractive product offer continues to resonate with customers as they shop across our broad ranges to find quality and value for all areas of the home.”

Wilkinson added: “Looking ahead, we are excited about strengthening our customer offer, and the breadth of growth opportunities this presents.

“Consumer behaviour continues to be difficult to predict, however we remain confident in our ability to navigate current conditions whilst delivering further sustainable growth and market share gains.”

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