Skip navigation

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.

Subscribe to Punchline

Related Articles

County business park to double in size Image

County business park to double in size

Planners have given the go ahead for a near 50,000 sq foot expansion of a business park despite numerous objections.

200 staff to change hands as £20m turnover business is sold Image

200 staff to change hands as £20m turnover business is sold

A member of the well-known Gloucestershire Warner family has sold his chain of county-based businesses to a major British brand.

Verdict on businessman who died in vintage car rally Image

Verdict on businessman who died in vintage car rally

A 65-year-old vintage sports car enthusiast and Gloucestershire company director died when his vintage Bugatti crashed during a car rally in Australia, an inquest heard.

Business expert: The key to making landlords' lives easier Image

Business expert: The key to making landlords' lives easier

The growth of the private residential sector along with legislative changes are leading to increases in the number of issues faced by landlords when tenancies come to an end.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.