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Share Name Share Symbol Market Type Share ISIN Share Description
Dunelm Group Plc LSE:DNLM London Ordinary Share GB00B1CKQ739 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -0.51% 1,176.00 1,178.00 1,180.00 1,188.00 1,163.00 1,169.00 307,141 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 1,057.9 109.1 43.4 27.1 2,379

Dunelm Group plc Update on latest Coronavirus restrictions

05/11/2020 7:00am

UK Regulatory (RNS & others)


Dunelm (LSE:DNLM)
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RNS Number : 3117E

Dunelm Group plc

05 November 2020

5 November 2020

Dunelm Group plc

Update on latest Coronavirus restrictions

Following the announcement of further restrictions across England relating to COVID-19, Dunelm Group plc ("Dunelm" or "the Group") provides the following update.

Since our first quarter trading update on 15 October 2020, we have continued to perform very strongly in store and online, across all product categories, with total sales continuing to grow in line with the first quarter.

However, the latest legislation announced in England relating to COVID-19 restrictions does not include 'homewares' on the list of permitted retail businesses. This is both unexpected and inconsistent with the guidance provided during the previous national lockdown, when homewares was added to the essential retail list in May.

As a result, from today until 2 December 2020, our 145 stores in England will continue to operate Click and Collect services but will otherwise be closed to customers.

Our nine stores in Wales, which have been closed during the 'firebreak' lockdown period, are expected to reopen on 9 November, while our stores in Scotland and Northern Ireland currently remain open.

Online home delivery will continue to operate across the country, with recent investments providing us with increased capability and capacity to support an expected increase in demand during the lockdown period.

Whilst the new restrictions have increased the level of uncertainty in the outlook for the financial year, we remain confident in our proposition and the adaptability of our total retail system. We look forward to welcoming customers back into our stores when the restrictions are lifted.

The Group continues to have a very strong balance sheet with a net cash position of GBP156m as at 31 October 2020 and access to GBP175m of bank financing facilities.

Ends

For further information please contact:

 
 Dunelm Group plc                               investorrelations@dunelm.com 
 Nick Wilkinson, Chief Executive Officer 
  Laura Carr, Chief Financial Officer 
 MHP Communications                             07709 496 125 
 
 Simon Hockridge / Rachel Mann / Pete Lambie    dunelm@mhpc.com 
 

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END

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November 05, 2020 02:00 ET (07:00 GMT)

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