LONDON (Alliance News) - Homewares retailer Dunelm Group PLC on Thursday said its sales continued to grow in the fourth quarter of its financial year and said it has hired a new chief financial officer from fellow FTSE 250 constituent Go-Ahead Group PLC.
Dunelm said its total sales in the fourth quarter to June 27 were up by 12.1% to GBP200.1 million, helping to push its total sales for the full year up 12.7% to GBP822.7 million.
Sales were driven higher by solid growth in Dunelm stores but were given a substantial boost by the performance of its home delivery business, where sales rose by 55% over the course of the year, with a 43% rise in the fourth quarter.
"We have continued to achieve good like-for-like growth in the final quarter of our financial year, across physical stores as well as our home delivery channel. I would like to thank all colleagues for their efforts in delivering this strong result," said Will Adderley, Dunelm's chief executive.
In addition, Dunelm said it has appointed Keith Down as its new chief financial officer, with plans for him to take on the role in December when his predecessor, David Stead, retires from the board.
Down joins from his role as chief financial officer at transport firm Go-Ahead Group. Go-Ahead said it has started the process of finding Down's replacement but said he will remain with the company until the end of this year.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Dunelm (DNLM)