Dunelm shares fall on trading update

The price of shares in FTSE-250 home goods retailer Dunelm (LON:DNLM) has dropped by 10.25% to 731.50p (as of 13:10 BST) as it warned of soft September trading. Overall revenues rose by 7.5% during the three months ended 28th September, but management said that this was heavily weighted towards the first half of the quarter.

CEO Nick Wilkinson commented: “We are pleased with our performance in the first quarter, building on the strong growth delivered over the last year. Our customers continue to respond well to our specialist product and service offering and we are excited by the numerous opportunities ahead of us.

“The launch of our new digital platform will be an important milestone in this phase of Dunelm’s development. Once fully live, we can really begin to enhance and extend our offering and customer experience.

“Despite the recent softness in the homewares market and the increased political uncertainty, we are confident we can continue to win market share and our expectations for the full year remain unchanged“.