Share price slumps at Leicestershire homewares giant

Shares in Leicestershire homewares giant Dunelm slumped on Thursday, with over 10% wiped off the value of the company.

By close of trading on Thursday, Dunelm shares were changing hands at around 724p.

The news came as Dunelm reported its revenue had risen by £15.4m to over £255m according to a trading update for the 13-week period to 28 September.

While its stores still account for the majority of its business, the funds generated by Dunelm’s online offering grew by 34.7% during the

Despite this, Dunelm’s chief executive Nick Walker warned against “recent softness” in the homewares market and the “increased political uncertainty” in the UK.

The company opened a new superstore in Boston, Lincolnshire in July, taking the total number of Dunelm superstores up to 170. Another store is expected to open in Bristol before Christmas.