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Dunelm remains City darling despite slowing sales

Published: 6 November 2007
Investors still positive on 'excellent retail proposition'.
Sales for the 18 weeks to November 3 increased 10.9% on last year, with like-for-like running at +5.6%.

This numbers indicate a slowdown from the 7.0% rise reported after 11 weeks.

However, retail analysts regarded it as a a solid performance, particularly in light of the October trading from the British Retail Consortium.

One, Andrew Wade, who is bullish about the homewares retailer said: "After a solid trading update from Dunelm, we continue to be positive on the stock. The business has an excellent retail proposition and a clear roll-out plan which provides scope for good growth into the medium term."

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