U.S. News

Dunelm Says First Half Sales Up 5%


Homeware retailer Dunelm Group said on Tuesday like-for-like sales had risen 5% in the first-half following a strong performance, with trading in line with its expectations.

Dunelm, which describes itself as one of the top 10 retailers operating in the 12 billion pound ($23.2 billion) UK homeware market, said total sales for the 26 weeks to Dec. 30 were 178.4 million pounds.

The group said it was trading from 83 stores by the end of the year, having opened two new stores and relocating another one to a larger unit and expected to open six new superstores this financial year.

Shares in Dunelm, which floated at 170 pence each in October, closed at 207 pence on Monday, valuing the group at around 415.3 million pounds.

Dunelm was founded by husband and wife team Jean and Bill Adderley in 1979, selling curtains from a market stall in Leicester, central England. The firm is now run by their son Will.

The group is expected to post its interim results on March 7.