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Dunelm surprises in first half

Dunelm surprises in first half

Half-year numbers from homewares retailer Dunelm (DNLM) bucked wider retail trends, with like-for-like revenues up by 6.9 per cent, marking increases across both physical stores and online. This was driven by a considerable increase in customer numbers – a result of improved brand awareness – while gross margins widened from 48.6 per cent to 50.3 per cent thanks to improved sourcing, favourable foreign exchange rates and the removal of less profitable lines from the Worldstores acquisition.

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