B&M news

20 November 2018
We travelled to France to see one of Babou's stores following the chain's recent acquisition by UK-based variety discounter B&M. About the store we visited The Babou store we visited is east of Paris in a town called Bagnolet. The c.27,500 sq ft store is split across two levels. While its black exterior may not be as inviting as B&M's colourful logo, the in-store offer has a fairly similar ...
14 November 2018
Variety discount group B&M has reported strong growth in revenues and profits in its H1 results for the 26 weeks to September 29. The retailer also provided new detail about its international expansion. Headline numbers Group revenues: + 16.1% to £1.56bn (constant currency) UK revenues: + 7.1%. Underlying like-for-likes (LFLs) +0.9% (adjusting for 53 week year and non-comparable East...
22 October 2018
UK discounter B&M has acquired 95 stores from French retailer Babou. 95 stores acquired for €91.2m Babou's 95 stores have been acquired by B&M for a sum of €91.2m. The deal was paid for in cash, financed by a load facility, and included the refinancing of Babou's debt. Turnover for the French retailer in the year ending 31 January 2018 was €347.1m (c.£303.1m). This equates to c.10.2% of B&M...
31 May 2018
Group revenue grew by 22.4% to £2.98bn in the year ending 31st March 2018. This was driven by network expansion and positive like-for-likes.  Strong performance across the business Group revenue grew by 22.4% to £2.98bn, and for its core fascia B&M reported a strong like-for-like performance of 4.7% year or year. This compares to 3.1% like for likes for the same period last year. B&M ...
16 May 2018
Frozen food retailer Heron Foods plans to open 30 new stores in the year ahead, according to reports from Talking Retail. Building momentum on new store openings Following its acquisition by variety discounter B&M, Heron Foods has focused on expanding its network, opening stores in new locations including Luton and South Wales. These were part of the drive to open 15 new stores in the finan...
01 March 2018
The UK's leading variety discounter launches an app to help shoppers discover its latest deals. Personalised communication Users can create a profile, share their preferences and opt in for notifications to alert them of products that might be of interest. The app hosts editorial content, provides access to B&M's social media pages, and offers shoppers chance to take part in competitions...
12 January 2018
The discounter delivered double digit sales growth and strong like-for-likes on top of tough comparatives in the previous year. Grocery & FMCG highlighted as growth drivers for B&M in the UK Group sales grew 22.9% to £969.8m in the 13 weeks to 23 December 2017.  In the UK, B&M's sales increased 12.9% to £837.3m, driven both expansion (19 new stores opened in Q3) and robust like-for-likes...
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...