Report

Dunelm Group - Appealing offer

Dunelm Group’s (DNLM’s) H124 results demonstrated the benefits of its strategy of broadening its addressable market by strengthening the core offer and expanding into newer categories, while also growing the store base and marketing more effectively. This is driving growth in the active customer base, who shop with greater frequency, leading to further market share gains in a static market. The broadening appeal of its products is demonstrated by growth being broad-based by geography, customer age and income group.
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.

Provider
Edison Investment Research
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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