B&M news

27 April 2020
In this article we look at what UK variety discounters are doing to address the challenges created by the Coronavirus (COVID-19) outbreak. Temporary store closures B&M will be closing 49 stores as a response to the current trading conditions. The retailer has not announced what stores these will be, but has said it is likely they will be small format stores Poundland will be closing 1...
11 March 2020
Five months into its strategic review of Jawoll, B&M has decided to sell the German arm of its business, according to Retail Gazette. The £11m deal B&M has sold its 80% shareholding in Jawoll to a consortium led by AC Curtis GmbH for €12.5m (£11m). Another part of the consortium is an existing shareholder in the value retail business. €2.5m of the transaction is payable on completion, wh...
05 March 2020
B&M has announced it will be appointing Alex Russo as its new CFO. Who is Alex Russo? Alex Russo will be joining the business from fellow variety discounter Wilko. Prior to this he was chief financial officer at Asda, and held various senior roles at Tesco and Kingfisher. His new role at B&M will start no later than June 2021. He will replace Paul McDonald, who has been in the role for m...
14 January 2020
Variety discount retailer B&M's Q3 results (29th September 2019 to 28th December 2019) show positive growth across the majority of its business, despite a slower than expected run-up to the festive season. Revenue growth for all areas of the business except Jawoll Group +9.3% to £1,190.9m B&M UK +8.8% to £957.4m Heron Foods +6.2% to £95.6m France Babou +29.3% (26.1% relates to t...
12 November 2019
B&M has announced its interim results for the 26 week period to September 28th. The strong performance shows the retailer's proposition is still resonating with shoppers in the current challenging environment. We look at the retailer's performance in more detail. Overall Group results In newly released results variety retailer B&M's has reported growth of 21.6% to £1.9bn for the during the ...
05 August 2019
Variety discount retailer B&M may be rolling out its frozen and chilled range to a wider selection of stores, according to The Grocer. New distribution centre B&M will open its new multi-temperature distribution centre in Bedford in September. This is a soft opening with the warehouse becoming fully operational in January 2020. The retailer has previously said that chilled and frozen ran...
25 July 2019
Variety discount retailer B&M's Q1 results (31st March 2019 to 29th June 2019) show a very positive start to the year, with record breaking sales. The performance shows how relevant the retailer remains in the current trading environment, with the its value proposition continuing to appeal to shoppers. Growth across all banners Group revenue +21.4% to £967.6m B&M UK +13.8% to £649.2m ...
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...