Dunelm decline after upheaval Retailer Dunelm has blamed management upheaval, a hit from a recent acquisition and difficult trading conditions for its second year in a row of falling profits.
The home furnishing group posted a 6.7% fall in underlying pre-tax profits to £102 million for the year to June 30.
Its figures were knocked by an £8.4m hit from the Worldstores takeover, which it completed in November 2016.
Chairman Andy Harrison admitted the group had let "some of our basic retail disciplines" slip due to management changes and the "distraction" of its Worldstores acquisition.
Like-for-like sales rose 4.2%, with stores seeing growth of 1% and online up 37.9%.
Mr Harrison said: "The year under review was complicated by a combination of management changes, the integration of Worldstores and a fragile economic environment. "However, the appointment of our new chief executive, Nick Wilkinson, in February brought cohesion and impetus to our strategic thinking."
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