B&M news

23 May 2019
B&M has announced very positive FY2018 results for the 52 weeks to 31st March 2019. Strong performance Total group revenue was up 17.1% to £3.49bn B&M grew by 8.7% to £2.8bn Heron Foods had growth of 69% with sales of £354m Profit before tax increased 10.3% to £249m B&M continues to resonate with shoppers B&M reported increased shopper numbers and average transaction val...
31 January 2019
We look at the latest developments from variety discount retailer B&M including its new banner 'B&M Express', meal deal offer and Q3 performance.  New banner rollout and store openings The retailer continues to rollout its new banner 'B&M Express'. It began by converting an initial seven stores in September 2018. In total 22 now trade under the banner. The stores are across the country incl...
10 January 2019
The variety discounter reports double digit sales growth in the third quarter. However, UK like-for-like sales for the period were negative, against tough comparables last year. New space driving sales at B&M Group sales revenue grew 12.1% to £1.1bn in the 13 weeks to 29th December 2018 (at constant currency rates). This figure was boosted by £67.3m from the acquisition of French discount c...
20 November 2018
We travelled to France to see one of Babou's stores following the chain's recent acquisition by UK-based variety discounter B&M. About the store we visited The Babou store we visited is east of Paris in a town called Bagnolet. The c.27,500 sq ft store is split across two levels. While its black exterior may not be as inviting as B&M's colourful logo, the in-store offer has a fairly similar ...
14 November 2018
Variety discount group B&M has reported strong growth in revenues and profits in its H1 results for the 26 weeks to September 29. The retailer also provided new detail about its international expansion. Headline numbers Group revenues: + 16.1% to £1.56bn (constant currency) UK revenues: + 7.1%. Underlying like-for-likes (LFLs) +0.9% (adjusting for 53 week year and non-comparable East...
22 October 2018
UK discounter B&M has acquired 95 stores from French retailer Babou. 95 stores acquired for €91.2m Babou's 95 stores have been acquired by B&M for a sum of €91.2m. The deal was paid for in cash, financed by a load facility, and included the refinancing of Babou's debt. Turnover for the French retailer in the year ending 31 January 2018 was €347.1m (c.£303.1m). This equates to c.10.2% of B&M...
31 May 2018
Group revenue grew by 22.4% to £2.98bn in the year ending 31st March 2018. This was driven by network expansion and positive like-for-likes.  Strong performance across the business Group revenue grew by 22.4% to £2.98bn, and for its core fascia B&M reported a strong like-for-like performance of 4.7% year or year. This compares to 3.1% like for likes for the same period last year. B&M ...
16 May 2018
Frozen food retailer Heron Foods plans to open 30 new stores in the year ahead, according to reports from Talking Retail. Building momentum on new store openings Following its acquisition by variety discounter B&M, Heron Foods has focused on expanding its network, opening stores in new locations including Luton and South Wales. These were part of the drive to open 15 new stores in the finan...
01 March 2018
The UK's leading variety discounter launches an app to help shoppers discover its latest deals. Personalised communication Users can create a profile, share their preferences and opt in for notifications to alert them of products that might be of interest. The app hosts editorial content, provides access to B&M's social media pages, and offers shoppers chance to take part in competitions...
12 January 2018
The discounter delivered double digit sales growth and strong like-for-likes on top of tough comparatives in the previous year. Grocery & FMCG highlighted as growth drivers for B&M in the UK Group sales grew 22.9% to £969.8m in the 13 weeks to 23 December 2017.  In the UK, B&M's sales increased 12.9% to £837.3m, driven both expansion (19 new stores opened in Q3) and robust like-for-likes...