Highlights
Continuing market share gains and Dunelm remains market leader with 7.4% of UK homewares market (source: Verdict Research);
12 new openings in the year (including three relocations, resulting in the closure of two existing superstores and two high street shops) increasing footprint to 136 superstores;
Contractually committed to 11 more superstores for FY15;
Over 60%growth in multi-channel revenues, now representing over 6% of total business;
Increasing investment in brand awareness with first national TV advertising campaign;
Continued investment in product range, service proposition, multichannel, infrastructure, IT systems and people, to underpin long-term growth.
Dividend
Recommended final dividend of 15.0p per share (2013: 11.5p) giving a 25% increase in the full year dividend to 20.0p (2013: 16.0p).
Will Adderley, Chief Executive, commented:
"Dunelm has delivered solid trading results in the last financial year. We have again strengthened our specialist proposition, improved customer service in store and increased the profile of our brand. Each of these, together with our traditional product strength, has enabled us to increase sales on a like-for-like basis and to continue to gain market share. We have also made good strategic progress, growing our business through new stores and multi-channel, and strengthening our infrastructure.
"On a personal note, I would like to thank Nick and the team for all that they have achieved over the last few years, continuing to build the business and further improving our operational platform. I am very much looking forward to leading the business in its next phase of growth."
