B&M news

14 November 2017
Reporting a very positive performance for the first half of the year, variety discounter B&M Bargain's CEO Simon Arora says "customers need a bargain more than ever".  7.5% like-for-like sales: up on last year Group revenues grew 21.7% to £1.35bn, while like-for-like performance was particularly strong at 7.5% year on year. This compares to like-for-likes of 5.4% in the same period last yea...
02 August 2017
Discounter B&M acquires Heron Food Group for £152m. Heron's network of 251 stores across the north of England offer convenient city centre locations, which along with its expertise in food categories, will complement the B&M retail brand. "Complementary, proven and profitable" businesses The addition of 251 sites brings B&M closer to its stated ambition of operating 950 stores in the UK. ...
13 July 2017
Variety retailer B&M European Value Retail has delivered upbeat first quarter results, with rapid sales growth in both the UK and Germany. Group revenues rose by an impressive 18.3% over the period (13 weeks to June 24th in the UK and 13 weeks to June 30th in Germany) or +17.2% on a constant currency basis. Grocery and seasonal goods drive UK growth In the UK, B&M's revenues grew by 17.8% a...
25 May 2017
B&M has announced double-digit sales and profit figures for the 52 weeks ending 25 March 2017. Total group revenues up 19.4% B&M has had a strong trading year, with total group revenues up 19.4%. UK sales grew by 18.4% to £2,252m while the company's German business Jawoll grew 34.4% to £178.4m. Like-for-like sales for the UK improved year-on-year significantly to 3.1% from 0.9%, with H2 LFL...
04 January 2017
B&M has reported a strong sales performance for the 13 weeks to 24 December 2016 following a record Christmas trading period. Q3 UK revenue up 20.7% B&M's group revenue for the 13 weeks rose 20.5% to £741.1m. The UK business saw sales grew 20.7%, with like-for-like sales up 7.2%. This positive performance is down to strong product sales, improved in-store standards, and better service lev...
24 November 2016
Three years on from Asda bringing Walmart Black Friday to the UK, retailers are deploying learnings from previous experience to create an event that attracts pre-Christmas footfall without disrupting store operations or risking customer disappointment.   Here we round up the activities of the major players. Tesco: Event extended to 11 days This year Tesco has broadened its Black Friday ev...
16 November 2016
B&M has revealed double-digit sales and profit figures in its latest results for the 26 weeks to 24 September 2016. Group revenues up 18.9% Group revenues increased to £1,105.9m, up 18.9% (17.7% at a constant currency), with B&M up 18.0% to £1,017.0m and Jawoll up 29.6% to £88.9m. Group adjusted profit before tax increased by 17.2% to £77.9m, up £11.5m on the previous year. Like-for-li...
15 August 2016
UK variety discounter B&M continues to grow, recently reaching a milestone by opening its 100th garden centre store. Latest store opening in Salisbury The new B&M Home Store with Garden Centre has opened in Dolphin Retail Park in Salisbury. B&M opened its first garden centre store in 2011, and it seems that branching out in to this new market has been a successful move for the discount...
28 July 2016
We visited the UK's latest discount concept at its first store in Hinckley, Leicestershire, to see what they new retail is doing differently to attract shoppers in such a competitive retailer environment. GHM! (Guess How Much!) and sister clothing company PEP&CO are new retail brands by  Pepkor UK , established by ex-Asda CEO Andy Bond, and backed by South African retail group, Pepkor. ...
14 July 2016
B&M has reported double-digit Q1 sales growth for the 13 weeks to 25 June 2016, however like-for-like sales have fallen flat. Sales up 21.5% to £554.8m Variety retailer B&M has revealed a strong Q1 performance with sales growing by 21.5% to £554.8m (UK: £508.1m and Germany: £46.7m). However, metrics are down on the previous year, reflecting challenging trading conditions. UK like-for-l...