The Dune Group recorded a string of negative results in the last financial year, according to data that have recently been made public. The British shoe retailer saw a decrease in its turnover to £143.89 million (€168.21m-$185.26) in the 12 months ended last January, as compared to £149.92 million a year earlier. The gross profit fell to £86 million (€100m-$111m) from £89 million in the prior year. The company's operating profit also fell to £3.4 million (€4.0m-$4.4m) from £4.3 million. Net profit was down to £2.3 million (€2.7m-$3.0m) from £2.44 million. On the other hand, comparable store sales grew in all its distribution channels except for its House of Fraser concessions. Sales on its web shops grew by 13 percent. At the end of the period, Dune operated 37 stores and 164 concessions, compared with 35 stores and 166 concessions a year earlier. The poor results were attributed to the bankruptcy of House of Fraser, which has changed ownership, the uncertainties around Brexit, rapid changes in consumer behavior, a shift toward digital commerce, rising costs and a weak pound. Reportedly, Dune has reacted by opening more stores in the U.K. and the rest of Europe.