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Gloucestershire Business News

Disappointing year for Dunelm

Homeware retailer Dunelm saw profits fall for the second year in row, it reported this week.

Pre-tax profits rose slightly from £92 million a year before to £93 million, with revenue of £1.1 billion in the year to 30th June. But the company reported underlying pre-tax profits of £102 million for the year, down from £109.3 million the previous year.

The retailer, which has stores in Cheltenham and Gloucester, reported that profits had been hit by the costs related to buying Worldstores in 2016.

But Dunelm chief executive, Nick Wilkinon, is confident that the company is getting a lot right - with a good store portfolio in the right locations and committed and knowledgeable staff.

Looking to the future, Dunelm will continue to develop its multichannel offer and revive its value for money credentials.

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