Dunelm rises on revenue growth

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Dunelm rises on revenue growth
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Homewares retailer Dunelm (LON:DNLM) increased revenues by 9.9% to £1.05 billion with strong like-for-like growth particularly in the online division. The firm also opened ten new stores and six refits, adding 6.1% more retail space to the company’s portfolios.

Chief executive officer Nick Williamson commented: “Following healthy sales growth over the past year, we are now taking steps to simplify the business under the core Dunelm brand, with one web platform and an integrated supply chain. This will allow us to respond more quickly to the changing consumer environment and drive future profitable growth.

“Dunelm’s purpose is to help everyone create a home they love. Our committed colleagues, our great products, and our increasingly integrated in-store and online offer, mean we are well placed for success as a leading multichannel specialist.

“The Worldstores acquisition has given us the key ingredients for a step change in our digital capabilities. We are preparing to launch Dunelm.com on our new proprietary technology to give us much greater agility in improving our customer proposition. This is a new and exciting chapter for Dunelm as we fully embrace digital retailing.

“The UK retail environment remains challenging, but against this difficult background we have traded in line with expectations during the current financial year to date“.

Shares in Dunelm rose by 5.49% to 538p.

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