B&M news

23 March 2016
The UK discount channel has had some exciting and interesting developments in the first quarter of this year. Here we explore a new entrant in the variety discount channel and Lidl's new online community hub. GHM!: new discounter set up by ex-Asda CEO GMH! (Guess How Much!) aims to be a 'one-stop shop for mums', selling general merchandise, ambient grocery, and clothing from Pep & Co: Bond'...
14 January 2016
Multi-price value retailer B&M has reported a strong sales uplift in its latest trading update. News store openings drive growth UK sales for the 13 weeks to December 26th were up 24.4%, boosted by B&M's ambitious store opening programme that saw 15 stores open. These took store openings for the year to date to a net 62 stores and brought its total UK estate to 487 stores. Like-for-like sal...
06 January 2016
B&M's Karen Hubbard is to take over the role of chief executive at specialist retailer Card Factory when current CEO Richard Hayes retires from his role. "Too good an opportunity to ignore" Karen Hubbard is stepping down from her role as chief operating officer at variety discounter B&M to take up the role of chief executive at Card Factory, replacing Richard Hayes who has been in the...
17 November 2015
B&M's interim results for the 26 weeks to 26 September 2015 reveal strong results across all metrics, boosted by the discounter's bold UK expansion strategy. LFL sales up 1.2% Following a promising start to the year with sales up  22.8% in Q1 , latest results show that B&M continues to trade strongly across its markets with H1 sales up 25.8% to £930.3m (+26.8% at a constant currency)...
24 September 2015
Following strong UK sales in Q1, up 22.8%, we look at how B&M is strengthening its in-store offer as it prepares for seasonal trade. 1. Improvements in price communication B&M is improving its price communication in-store with large, clear point of sale on promotional ends and dump bins. In addition, the retailer is price-marking more products. These price communication initiatives ill...
20 July 2015
B&M has announced strong group sales growth for the 13 weeks to 27 June 2015, up 24.4% on last year to £456.6m. UK sales up 22.8% B&M's UK business achieved double-digit growth during the quarter with total sales increasing by 22.8% to £418.8m, up £77.6m on the previous year. Like-for-like sales also showed positive sales growth, however at a more modest 1.1%. This can be attributed i...
28 May 2015
In its first set of results since flotation in 2014, UK variety discount retailer B&M has announced full year figures for 2014/15, with sales in its core UK chain up a massive 20.0% to reach £1,526m.  Including its German business (Jawoll) acquired during the year, total group sales were £1,647m.  Profitability was also up: operating profit grew by 33.6% at group level to £174.2, as gross margins...
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...