As so often happens on the stock market, homewares retailer Dunelm Group's (LSE:DNLM) downward share price movement this morning seems at odds with its positive-sounding second quarter trading update.
The firm reported a year-on-year total increase in sales of 13.6% for the first half of its trading year to 30 December, of which total like-for-like sales are 6% higher. That kind of progress over the past six months doesn't sound to me like a business sinking in some kind of death spiral as many fear could be the way of traditional retailers.
Dunelm has appointed Nick Wilkinson as chief executive with effect from 1 Feb. Dunelm said: 'Nick has extensive retail experience across a number of consumer brands, most recently as chief executive of Evans Cycles, the UK's leading cycling specialist, a position he held for five years.
'Prior to this he was Chief Executive of Maxeda DIY, a Belgian and Dutch home improvement retailer. Nick has also spent eight years with Dixons Retail, where he was Group Buying Director and MD of Currys.'
Chairman Andy Harrison said: 'I am delighted with Nick's appointment.