B&M news

07 January 2021
Variety discounter B&M's Q3 results (13-week period from 27 September to 26 December 2020) show positive growth across the majority of the business, particularly its UK banner.  Revenue growth across all banners, expect Babou Group revenue +22.5% to £1,398.5m (2019: £1,138m) B&M UK +26.6% to £1,211.8m (2019: £957.4m) Heron Foods +7.6% to £102.9m (2019: £95.6m) Babou (France) -1.4% ...
08 December 2020
Lidl, B&M and Amazon have become the latest retailers to repay business rates relief received from the UK government and devolved administrations during the pandemic. The announcements follow the decision by Tesco to repay the relief last week and subsequent moves from Sainsbury’s, Asda, Morrisons and Aldi . In total the relief set to be repaid by grocery retailers has now reached £1.9bn. L...
12 November 2020
Interim results (26 weeks to 26 September) for the value retailer B&M show that the business retained significant momentum in its second quarter, despite the slackening of lockdown restrictions bringing more ‘normal’ trading conditions to the UK market during the summer.  Total revenue for the half was £2,242m, with the uplift driven substantially by like-for-like increases as shoppers maintained...
02 July 2020
Variety discount retailer B&M’s Q1 results (29 th March 2020 to 27 th June 2020) show continued strong growth in the first quarter of the financial year and particularly its UK banner. Its value-led model and convenient out of town locations continue to prove to be attractive to customers. Revenue growth across all banners expect Babou Group revenue +27.7% to £1,154.8m (2019: £904.6m) ...
11 June 2020
The group delivered 16.5% revenue growth to £3.8bn in its latest annual results. However, it anticipates slower store openings and ongoing impact of social distancing in the year ahead. Results in brief (52 weeks to 28th March 2020) B&M: Revenue +12.6%. LFL +3.3% (Q4 +6.6%) Heron: Revenue +10.1%. Positive LFL growth Babou: £154m revenue COVID-19 disruption slowing store openi...
29 May 2020
B&M has released an unscheduled trading update for the 13 weeks ending 28th March (Q4) and the first eight weeks of the 2020/21 financial year to 23rd May 2020. The retailer saw strong like-for-like sales growth across this period, according to Retail Gazette. Performance driven by grocery, gardening and DIY +6.6% B&M UK like-for-like sales in Q4 +22.7% B&M UK like-for-like sales in t...
27 April 2020
In this article we look at what UK variety discounters are doing to address the challenges created by the Coronavirus (COVID-19) outbreak. Temporary store closures B&M will be closing 49 stores as a response to the current trading conditions. The retailer has not announced what stores these will be, but has said it is likely they will be small format stores Poundland will be closing 1...
11 March 2020
Five months into its strategic review of Jawoll, B&M has decided to sell the German arm of its business, according to Retail Gazette. The £11m deal B&M has sold its 80% shareholding in Jawoll to a consortium led by AC Curtis GmbH for €12.5m (£11m). Another part of the consortium is an existing shareholder in the value retail business. €2.5m of the transaction is payable on completion, wh...
05 March 2020
B&M has announced it will be appointing Alex Russo as its new CFO. Who is Alex Russo? Alex Russo will be joining the business from fellow variety discounter Wilko. Prior to this he was chief financial officer at Asda, and held various senior roles at Tesco and Kingfisher. His new role at B&M will start no later than June 2021. He will replace Paul McDonald, who has been in the role for m...
14 January 2020
Variety discount retailer B&M's Q3 results (29th September 2019 to 28th December 2019) show positive growth across the majority of its business, despite a slower than expected run-up to the festive season. Revenue growth for all areas of the business except Jawoll Group +9.3% to £1,190.9m B&M UK +8.8% to £957.4m Heron Foods +6.2% to £95.6m France Babou +29.3% (26.1% relates to t...