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 challenging retail conditions with year-to-date like-for-like sales up 4.7%.
Destination for seasonal
Reported sales indicate a successful Christmas trading period with CEO Simon Arora commenting to Retail Week that the Christmas decoration and gifting ranges had 'a good rate of sell-through'. He believes that the retailer is becoming a destination for such seasonal categories, continuing the value trend seen across the discount channel.
Expanding the store estate
Q3 saw B&M add 24 new stores to its estate, taking the total store count to 417. Year-to-date, the discounter has opened 44 new stores, which are said to have traded well over the festive period. Q4 will see at least six new stores added to the estate, while the next financial year will see another strong pipeline of at least 45 new stores.
For more information on B&M, visit the retailer homepage here.
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