B&M news

23 January 2015
High street value discounter B&M has reported positive Q3 results for the 13 weeks to 27 December 2014. Q3 LFL sales up 4.5% Like-for-like sales during the discounter's third quarter were up 4.5% on the previous year while total revenue, including sales from German Jawoll stores, soared by 28.8% to £527.9m in the same period. B&M has been performing well throughout the year despite challen...
18 December 2014
The high street value channel has experienced outstanding growth this year. We reflect on the progress of the UK's high street value discounters over the last quarter and how they are setting themselves up for further growth in 2015. Poundworld invests in IT Single-price retailer Poundworld has begun a 10-month investment programme in its IT systems as it prepares to double its es...
12 June 2014
B&M Bargains has set its offer price at 270p which values the retailer at £2.7bn. Buoyant early trading In its first half day of conditional trading, the share price for the retailer has increased by over 6% to reach 288p. This market value means the company is worth more than the likes of Dixons and Ocado in relation to market capitalisation. It is expected the owners of B&M will make £1bn fr...
29 May 2014
Following a very successful trading year, we look at the success of B&M and what the future holds for the high street discounter. Success in the UK B&M was acquired by its current management team in 2004 who between 2012 and 2014 grew the company's revenues by an impressive 66.5% to £1,272m. In the UK there are 373 stores as of 29th March 2014 in town centres and out-of-town locations t...
22 May 2014
High street discounter B&M Bargains has launched an initial public offering (IPO).   Positions B&M for next stage of development It is expected that CD&R, the private equity group which owns the majority share of B&M, will sell some of its share, while B&M's chief executive Bobby Arora and trading director Simon Arora will keep the majority of their stake and remain in charge of the business....
28 October 2013
High street discounter B&M Bargains is contemplating floating on the stock market next year as it targets further growth. Business valued at over £1bn It has been reported on Sky News that Clayton Dublier & Rice (CD&R), the investment firm that owns 60% of B&M Bargains, is considering a move that would see the discounter listed publically in 2014. It is expected that flotation would see the ...
28 August 2013
Sales at B&M Bargains increased by 31% to £935.2m in the 12 months to 31 December 2012 as the popularity of the high street discounter continued to rise. Strong profit growth B&M Bargains also recorded impressive growth in profits in the newly filed accounts at Companies House. Operating profits grew 73% from £49.2m to £85m, while pre-tax levels showed similar growth, jumping 76%, from £47.5m...
20 March 2013
Discount retailer, B&M Bargains, has released double-digit growth in both sales and profits for 2012. Exceptional growth B&M Bargains posted an increase of 31.5% to £937.2m in the full year to 31 December 2012, while Pre-tax profits grew by 43% to £90.6m. It also extended its portfolio from 271 to a reported 324 in the same period. B&M has consistently outperformed the market with sales ...