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Dunelm Group

From Wikipedia, the free encyclopedia
British home furnishings retailer

Dunelm Group plc
Company typePublic
LSEDNLM
FTSE 250 Component
IndustrySoft furnishing retailing and manufacturing (Homewares)
Founded1979; 46 years ago (1979) inLeicester, England
Founders
  • Bill Adderley
  • Jean Adderley
HeadquartersSyston, England, UK
Number of locations
184 (2024)[1]
Area served
Key people
Products
RevenueIncrease£1,706.5 million (2024)[1]
Increase £213.3 million (2024)[1]
Decrease £151.2 million (2024)[1]
Number of employees
11,602 (2023)[1]
Websitewww.dunelm.com

Dunelm Group plc,trading as Dunelm, is a Britishhome furnishings retailer operating inGreat Britain,Ireland and Jersey. One of the largest homeware retailers in the UK, the company headquarters are inSyston,England. It is listed on theLondon Stock Exchange and is a constituent of theFTSE 250 Index.[2] Until 2013 the company traded asDunelm Mill.[3]

History

[edit]

Dunelm was founded in 1979 byBill Adderley and Jean Adderley, trading in home textiles from a market stall in Leicester.[4] The first Dunelm store opened in ChurchgateLeicester in 1984[4] with the firstsuperstore opening inRotherham in 1991.[4] In 1996, Will Adderley took over responsibility for the day-to-day running of the company from his father, Bill Adderley. The expansion of Dunelm continued with a new head office and warehouse being established in 1999 inSyston, Leicestershire.[4]

In 2001, the company ventured into manufacturing, acquiring Bellbird producing custom-madecurtains, blinds, and accessories, with the facility now being known as Dunelm's Manufacturing Centre. On reaching their 50th store (Walsall) Dunelm opened a new warehouse inBurton.[4] Key appointments were made in 2003 with David Stead being brought in asFinance Director; this also coinciding with Dunelm's 60th store (Ilkeston) and the roll-out ofEPOS.[4] 2004 saw the company appointing Geoff Cooper as Non-Executive chairman and Marion Sears as anon-executive director. It also saw the opening of their 70th store (Trafford). Two years later Dunelm opened its 80th store (Bradford), a new distribution centre in Stoke, and launched their online shopping facility, offering 13,000 homewares products and floated on theLondon Stock Exchange.[5]

2007 saw the appointment of Simon Emney asnon-executive director followed in 2008 with their 90th store (Plymouth) and the acquisition of the worldwide rights to the 'Dorma' bed linen brand, for £5 million in July.[6] In 2009 Dunelm appointed Nick Wharton as a non-executive director and re-launched their online shopping website.[7] In September 2009, the company announced that Nick Wharton would be taking over from Will Adderley as Chief Executive in March 2011 with Adderley remaining at Dunelm as Executive Deputy chairman.[8]

In September 2014, Dunelm Group plc announced that Nick Wharton had resigned his position as Chief Executive and was stepping down from the Board. Will Adderley, previously Executive Deputy chairman, resumed the role of Chief Executive with immediate effect.[9] On 28 November 2016, the company purchased WorldStores and its subsidiaryKiddicare for £8.5 million.[10]

On 30 August 2017 Dunelm Group plc announced thatJohn Browett was stepping down with immediate effect as Chief Executive after two years in the role.[11] Nick Wilkinson was appointed to replace him.[12]

In September 2020, the company reported a large rise in sales for the months of July and August. The increased sales were a result of the increase inremote work due to theCOVID-19 pandemic and investing in their living spaces.[13]

In November 2020, the company was criticised by shareholders for renominatingPaula Vennells to its board, despite her responsibility for theBritish Post Office scandal, during which her leadership was accused of having been "both cruel and incompetent" by a Conservative peer and various MPs.[14] Her resignation from the board was announced on the morning of 26 April 2021 after all the remaining convictions of subpostmasters had been quashed.[15]

In November 2024, Dunelm announced an acquisition of soft furnishing brand Home Focus, which had 13 stores in the Republic of Ireland.[16]

In July 2025 Clodagh Moriarty was appointed as the new CEO.[17]

Operations

[edit]
Dunelm store inLiverpool

As of 18 March 2025 Dunelm operated 200 stores,[18] spread across the UK, and a webstore.[1] The company operates a factory for curtains, blinds and accessories inLeicester, England.[19]

In November 2024, Dunelm entered the Irish market with the acquisition of soft furnishings chainHome Focus at Hickeys, which had 13 shops throughout Ireland.[20][21]

References

[edit]
  1. ^abcdef"Annual Report 2024"(PDF). Dunelm Group. Retrieved10 February 2025.
  2. ^"London Stock Exchange | London Stock Exchange".www.londonstockexchange.com. Retrieved21 April 2023.
  3. ^Harrison, Nicola."Dunelm poised to launch first national TV ad as part of £3m marketing overhaul".Retail Week. Retrieved17 October 2023.
  4. ^abcdefDunelm."Company Profile".dunelm-mill.com. Retrieved28 March 2015.
  5. ^Family pocket £100m in Dunelm float The Independent, 20 October 2006
  6. ^Dunelm buys Dorma for £5m Retail Week, 29 July 2008
  7. ^Homewares retailer Dunelm re-launches website to make Internet its largest storeArchived 13 March 2010 at theWayback Machine Screenpages
  8. ^Dunelm chief to step down to deputy positionFinancial Times, 16 September 2010
  9. ^Dunelm Board ChangesArchived 4 March 2016 at theWayback Machine Investis, 11 September 2014
  10. ^Briggs, Fiona (29 November 2016)."Dunelm Group acquires World Stores Kiddicare and Achica".Retail Times. Retrieved29 November 2016.
  11. ^Homewares retailer Dunelm parts ways with chief executiveFinancial Times, 30 August 2017
  12. ^"Former McKinsey advisor Nick Wilkinson new CEO of Dunelm".Consultancy.uk. 10 January 2018. Retrieved7 July 2025.
  13. ^Nilsson, Patricia (1 September 2020)."Dunelm benefits from home spending boom".Financial Times.
  14. ^Witherow, Tom (3 November 2020)."Ex-Post Office boss Paula Vennells is under fire at Dunelm".expressdigest.com. Retrieved12 December 2020.
  15. ^"Post office scandal: Ex-boss quits director jobs after scandal".BBC News. 26 April 2021.
  16. ^Smyth, Ronan (20 November 2024)."UK retailer Dunelm to acquire Home Focus". Retrieved20 November 2024.
  17. ^Dunelm appoints Sainsbury’s veteran Clodagh Moriarty as new CEORetail Week, 7 July 2025
  18. ^Francis, Bryana (12 March 2025)."Dunelm set to open in Merthyr Tydfil retail park".Wales Online. Retrieved18 March 2025.
  19. ^Pegden, Tom (6 July 2019)."Dunelm creates 40 new jobs at blinds and curtains factory".LeicestershireLive. Retrieved21 April 2023.
  20. ^Smyth, Ronan (20 November 2024)."UK retailer Dunelm to acquire Home Focus".Irish Examiner.
  21. ^"UK's Dunelm buys Home Focus at Hickeys chain".rte.ie. 20 November 2024.

External links

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By Appointment to
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By Appointment to
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By Appointment to
HRH The Duke of Edinburgh
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