Dunelm has reported its results for the year to July 1st
2017 in which it saw its pre-tax profits drop by 28.3 per cent to £92.4
million. Its overall sales revenues has risen by 8.5 per cent to £955.6 million
but, like for like sales fell by 0.5 per cent with comparable store sales down
by 2.4 per cent. Dunelm attributed the results to a challenging and subdued
market as well as costs emanating from its acquisition of Worldstores and increased investment. “Dunelm has made good strategic progress over
the year, most notably with the acquisition of Worldstores, which moves us
closer to our goal of being the biggest and best multichannel homewares
retailer in the UK,” said chairman Andy Harrison. The business parted company with its CEO John
Browett in August.
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