Dunelm, Galliford Try and Character

“Homewares retailer Dunelm remains committed to developing its store network despite the lion’s share of its growth coming from home delivery sales. Dunelm opened six new superstores in the last financial year and this is being ramped up in the current year with nine planned openings. Three of these will be in the London area where it sees a clear opportunity for growth. The group continues to outperform the homewares sector as a whole and is bullish about its prospects whatever the market brings as it believes it may be able to achieve more in a difficult economy.

“Housebuilder Galliford Try led the FTSE 250 in early trading after a record year. The group is monitoring market conditions and consumer confidence closely in the wake of the Brexit vote but visitor levels and sales rates at Linden Homes throughout the summer have been encouraging. The group believes the balance of its businesses and the strength of its order books mean it is well-placed to manage the impact of any uncertainty.

“Toys, games and giftware group Character is on course to meet market forecasts but the increasing strength of the US dollar against sterling continues to put pressure on profitability. A significant proportion of the company's purchases are made in US dollars but the board believes it can continue to mitigate the resulting increased costs.”

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