It is not hard to see why investing in Dunelm might be a tough call for most punters. In the past five years, the share price of the homewares retailer has been extremely volatile, falling from just shy of £10 a share in March 2016 to 578½p yesterday.
Dunelm, which began life as a market stall in Leicester in 1979 before listing in 2006, has suffered more than its fair share of management turbulence. John Browett, its chief executive, left abruptly in August after less than two years in the role amid an apparent backlash over his management style. Nick Wharton left similarly suddenly in September 2014.
Leadership of the company has been entrusted now to Nick Wilkinson, former boss of Evans Cycles and a