Dunelm has attributed the costs related to the acquisition of Worldstores and declining store sales for its significant drop in profits in its last financial year. For the full-year period ending July 1, the furniture retailer recorded a 28.3 per cent fall in pre-tax profit to £92.4 million. While overall revenue for the fiscal year rose 8.5 per cent to £955.6 million, like-for-like sales slipped 0.5 per cent and comparable store sales fell 2.4 per cent.
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Dunelm profits crash amid “challenging” retail environment