Edison Investment Research - Dunelm Group plc (DNLM) Dunelm Group - Getting the house in order

Report

Edison Investment Research

Kate Heseltine

Dunelm Group - Getting the house in order

Dunelmâ€™s new CEO is taking steps to address recent underperformance and build the core brand. These include closing or selling the loss-making Worldstores (WS) businesses; developing a new web platform and introduction of â€˜click and collectâ€™; and launching a marketing campaign to raise the brand profile and acquire new customers. Assuming plans are executed successfully, we see upside to consensus forecasts.

26/09/2018 2 EN

Underlying

Dunelm Group plc

Dunelm Group is a U.K. homewares retailer with nationwide coverage including Northern Ireland. Co. also sells products to overseas customers in selected countries within the European Union via its Home Delivery proposition. As of Jul 1 2017, Co. provided 30,000 products in store and over 300,000 products online. Also, at Jul 1 2017, Co. had 160 superstores and four high street stores.

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GB00B1CKQ739 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Kate Heseltine

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Increased risk weighs on DUNELM GROUP, penalising its rating down to Slightly Negative

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Dunelm Group - Getting the house in order

Dunelm Group - Appealing offer

Dunelm Group: 2 directors

Increased risk weighs on DUNELM GROUP, penalising its rating down to Slightly Negative

Henderson Far East Income - Repositioning to raise total returns

Freelancer - AI to drive return to growth

Renewi - Solid trading and better cash generation

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