Dune annual like-for-like sales grow 5.2 percent

The Dune Group has reported an increase in like for like retail sales of 6.5 percent for the autumn/winter season and 5.2 percent for the 52 weeks ended January 27, 2018. Retail sales for the six weeks to December 30, the company added were up 7.2 percent on a like for like basis driven by growth across all retail channels; stores, concessions and in particular online.

Commenting on the positive results, Daniel Rubin, the company’s Executive Chairman, said in a statement: “Our strong results over Christmas and throughout 2017 are testament to the hard work of our teams and our strategic investments in product, our omni-channel proposition and brand marketing. We have successfully maintained our gross margin despite the impact of sterling’s relative weakness during much of the year.”

Sales during January, the company further said, have continued to be strong rounding out what has been a good year in the UK, despite a challenging retail environment. International growth was positive during the period under review with sales at retail in overseas markets now representing 26 percent of the tital group sales.

Dune, after opening its first store on London’s Kings Road in 1993 has expanded its presence to over 250 outlets across the world.

Picture:Dune website