The Travis touch at Dunelm
Published: 16 September, 2009
SYSTON, LEICESTERSHIRE: Shares in Dunelm, the homewares and textile retailer, rose by over 10% after revealing that recent sales had risen by 16.1% on a like-for-like basis.
Geoff Cooper, Dunelm's chairman and the chief executive of Travis Perkins, said that Dunelm should make further progress as shoppers switch spend from moving house to doing up their existing house.
Dunelm has 97-stores, predominantly in the Midlands and northwest England, reported a 6.8% increase in pre-tax profit to £52.5m over the year to July 4.
Sales increased by 6.3% to £417.1m, but fell by 0.5pc on a like-for-like basis.
The chain sells a 20 000 homewares product range across a broad pricing spectrum. Will Adderley, chief executive, said that shoppers are trading down to Dunelm and recognised "that it will be very challenging to maintain our recent trading performance as like-for-like sales comparatives start to strengthen, and economic factors potentially subdue consumer spending".