Dunelm profits hit by upheaval

Retailer Dunelm has blamed management upheaval, a hit from a recent acquisition and difficult trading conditions for its second year in a row of falling profits.

The home furnishing group posted a 6.7 per cent fall in underlying pre-tax profits to £102 million for the year to 30 June. Its figures were knocked by an £8.4m hit from the Worldstores takeover.