B&M looking to ease market jitters over new leadership May 29, 2022 Press Association INVESTORS will be looking for any forward-looking forecasts that they hope can lift B&M’s ailing shares as it reports its full-year results tomorrow.The recently announced departure of the company’s long-term chief executive and his family’s reduction of their shares in the firm have weighed on London-listed shares. It has meant that B&M, which [...]
B&M boss Simon Arora to step down after 17 years leading retailer April 22, 2022 B&M has announced its chief executive Simon Arora is stepping down after more than 17 years at the helm of the variety goods retailer. Arora will retire from his role in a year as the retailer begins a recruitment drive for his replacement. Alongside his brother Bobby, Arora snapped up B&M when its estate boasted [...]
B&M quarterly sales dip after retailer warns shoppers could cut back amid high inflation June 29, 2022 Discount retailer B&M has seen sales plummet in its first quarter, against strong lockdown comparatives, as cash-strapped Brits cut back on discretionary spending. In a trading update for the 13 weeks from 27 March to 25 June, the London-listed business said group revenue had dropped 2.2 per cent on a constant currency basis. Across the [...]
B&M revenue up on pre-Covid levels as retailer plots more UK stores January 6, 2022 Discount variety goods retailer B&M has posted boosted revenue compared to pre-Covid levels and hiked its earning expectations. The firm said revenue was up 14 per cent compared to pre-pandemic third quarter comparatives, for the 13 weeks from 26 September 2021 to 25 December 2021. In a trading update for the third quarter posted on [...]
B&M report mixed-bag results amid supply chain pressures November 11, 2021 B&M European Value has reported group revenue increases of 1.2 per cent, in a patchy set of half-year results. The variety goods retailer has consolidated last year’s rocketing growth levels to reach £2.268bn in its interim results, which is a 26.8 per cent increase on its half-year results from 2020. On a two-year basis versus [...]
B&M shares soar after profit outlook upped September 8, 2021 Discount retailer B&M Bargains said it expects profits to be higher than anticipated after strong sales of seasonal goods. In a trading update on Wednesday morning, the group said gross margins had been stronger than originally predicted for the half year ending September 25 2021. The retailer now expects adjusted EBITDA to be in the [...]
Poundland owner Pepco snaps up 71 Wilko sites after its collapse September 12, 2023 Poundland owners, Pepco, will acquire 71 Wilko sites to be transformed into Poundland chains. Yesterday, it was confirmed that all Wilko stores would vanish after a deal with HMV owner Doug Putman fell through due to over concerns about the costs of the retailer’s infrastructure. Rival discounter store chain B&M also bought 51 Wilko stores [...]
Discounter B&M revenue growth slows after bumper pandemic trade July 8, 2021 Discount retailer B&M’s first quarter results show increased revenue, but at a slower pace to the growth in its last financial year. The group’s total revenue for the first quarter, the 13 weeks to 26 June, increased from £1.15bn to £1.18bn, providing a strong start to the new financial year for the retailer. The results [...]
Grocers vs bargain chains: Discount competition is heating up July 23, 2024 The discount sector is crowded and competitive: Aldi, Lidl, Poundland and B&M are only a few of the retailers vying for space. The market for discount goods has been growing over the last few years, but not every company has been a winner – only a few stores have managed to attract and keep customers. [...]
Discounter B&M shares sink despite profit doubling during Covid pandemic June 3, 2021 Discounter B&M shares sink despite profit doubling during Covid pandemic