B&M news

Since Wilko announced it was entering administration earlier this year, PwC has been searching for a buyer. PwC has stated that it is likely that whoever purchases the chain will not be interested in the entire business, generating widescale redundancies. With continued speculation and no clarity on the outcome of Wilko’s administration, will Wilko survive, or is this an opportunity for other var...

B&M have announced its preliminary results for the 52 weeks to March 25. Overall revenues were up 6.6% year-on-year to £4.9 bn. The group noted this was 30.7% ahead of pre-pandemic levels on a constant currency basis. The B&M UK fascia's revenue rose 4% year-on-year. EBITDA was down 7.4% to £573m (against last year), but was in line with expectations. In its preliminary report the group stated...

Retail Week are reporting that B&M are to abandon online home delivery after a trial period. B&M have been trialling home delivery since June 2022 on bulky items, hard for customers to transport themselves. Smaller items were then added to the service, allowing customers to choose from a range of toys, electricals, garden furniture and bedding. B&M still offered home delivery on its website in...

Variety discounter B&M has reported strong results in its third quarter, which ended on 24 December 2022. Total group revenues increased year-on-year (YoY) by 12.3% to £1.57 bn. It reported a positive performance across its different fascia. Performance across the different facias B&M in the UK saw revenue growth of 10.3% YoY, to £1.3 bn, with like-for-like sales increasing by 6.4%. Cust...

B&M reported positive performance in the first half of its financial year 2023. Its positive results were driven by shoppers trading down because of the cost-of-living crisis. As it enters the second half of its financial year, B&M said it had seen strong sales in the first six weeks of the golden quarter. B&M Group: Q2 drives positive performance B&M’s group revenues increased by 1.8% t...

As Tesco and The Entertainer partner for toy concessions and Morrisons sets out its ambitions for the Morrisons Daily banner, we round up developments in the market. Tesco and The Entertainer partner for toy concessions A little time after Asda opened its Big Toy Shop , following the ending of its trial with The Entertainer, the latter has signed a partnership with Tesco to trial the add...

B&M has provided a trading update for the 13 weeks between 27 March and 25 June reporting that group revenues fell 2.2%, on a constant currency basis, to £1.16 bn. Like-for-like sales in the retailer’s core UK B&M estate fell 9.1% as it had to contend with challenging comparatives versus 2021 and poor weather in 2022. April proved to be an anomaly in B&M UK’s performance In the core B&M UK ...

Variety discounter B&M has released its results for the 52 weeks to 26 th March 2022. How did B&M perform in 2022? Group revenue : -2.7% YOY to £4,673m (+22.5% on a 2-year basis) B&M UK : -4.7% YOY to £3,909m (+25% on a 2-year basis) LFL revenues -9.0% vs FY21 but +13.0% on pre-pandemic levels of FY20 Heron Foods : -0.9% YOY to £411m (+5.4% on a 2-year basis) Fr...

Home Bargains sales surpass £3bn The retailer’s revenue increased 20% in the year to 30 th June 2021 to £3.3bn. Alongside this, operational profit increased 52% to £394m in the period. Pre-tax profits rose similarly 51% to £396.7m. Growth was partly driven by new store openings, with the retailer opening 27 in 2021, bringing its total to 552 stores. This followed 19 store openings in 20...

Variety discounter B&M has reported encouraging Christmas trading, with group sales essentially matching last year’s pandemic-elevated peak. Against a demanding 22.5% growth from a year ago, group sales for the third quarter (26 September – 25 December 2021) rose 0.1%, bringing the year-to date total over nine months to +0.9%. B&M now expects FY22 to be significantly ahead of analyst expectations...