All B&M Bargains articles
B&M is one of the fastest growing retailers in the UK and also one of the leading variety discounters. Founded in 1978, it was led by brothers Simon and Bobby Arora since they acquired the business in 2004 until 2022. By March 2019, B&M traded through 620 B&M stores across the UK, taking it two-thirds of the way to its recently increased target of 950. B&M expanded internationally through the acquisition of the German-based Jawoll business in 2014 and Babou stores in France in 2018. It also increased its presence in the UK through the acquisition of 250-store food retailer Heron Foods in August 2017, which has become the basis of a growing convenience store business.
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NewsB&M reports revenue growth as it is ‘well positioned’ ahead of peak trading
Value retailer B&M has reported a growth in sales and revenue as it said it is “well positioned” for golden quarter as it continues to focus on “price, product and standards”.
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Retail Navigator AnalysisB&M (Financials)
B&M total sales rose 10.1% to £5,484m in the year to end-March 2024 (FY2023) amid strong trading from new stores and like-for-like growth across all three businesses - B&M UK, Heron and B&M France. Group operating margin came in at 11.1% in FY2023 as operating profit grew 13.4% year on year to £608m, while statutory pre-tax profit rose 14.2% to £498m with a margin of 9.1%.
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AnalysisA year since its collapse, where should Wilko focus to win back customers?
It’s been one year since value retailer Wilko fell into administration, which saw the beloved high street chain close 400 stores and cost 12,000 people their jobs.
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NewsB&M has posted a quarterly sales rise but its UK like-for-likes fall
Value general merchandise and food group B&M has reported a rise in sales, although like-for-likes fell at the core UK business.
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NewsB&M to open new store at Midlands shopping centre
B&M will open a new store at Derbion shopping centre in Derby, East Midlands, as the value variety retailer accelerates its store expansion rollout, Retail Week can reveal.
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Retail Navigator AnalysisB&M (Strategy)
Sales and profit growth at B&M look set to continue with the variety goods value retailer having upped its long-term store target to “no less than” 1,200 B&M UK stores and accelerated its short-term programme to at least 45 stores per year over a three-year period.
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NewsB&M boss hails ‘good year’ and raises store openings target
Value retailer B&M Bargains has hailed the success of its store opening programme and upped its long-term store target number as profits and sales for the full year soared.
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DataRevealed: The most-popular value retailers online
With the value sector remaining popular with UK shoppers, Retail Week teamed up with SimilarWeb to track which discount retailers have been seeing the most traffic to their websites over the past two years
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AnalysisWill ex-Morrisons men make Poundstretcher another shrewd buy for Fortress?
Last week, it was announced that Majestic Wine and Punch Pubs owner Fortress had acquired discount retailer Poundstretcher, along with a new leadership team made up of ex-Morrisons staff.
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NewsB&M racks up 10% growth as shoppers seek out savings
B&M group sales have grown to £5.5bn as budget-conscious consumers continue to hunt for savings.
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NewsB&M takes aim at grocery loyalty schemes with new food campaign
B&M has introduced a new food campaign in stores and online, which seemingly hits out at supermarket loyalty schemes.
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DataRanking: The top 30 biggest retailers in the UK and where they’ll be in three years
Asos gets the boot, the discounters hit peak growth, Shein soars and more in our annual ranking of the 30 biggest UK retailers and where they’ll be in three years
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NewsB&M chair set to retire after six years in role
B&M has announced that its chair Peter Bamford will retire this year.
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NewsB&M sales rise on back of strong general merchandise volume
Value group B&M has reported an increase in sales over the third quarter.
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NewsB&M raises profit outlook
B&M has upped its profit guidance for FY24, but said forecasting has been difficult against a volatile backdrop.
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NewsWilko store deals at risk as discounters renegotiate leases
Rescue deals for former Wilko stores are “at risk” and could fall through as potential buyers try to negotiate more favourable terms with landlords, The Times has reported.
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NewsThe Range makes £5m deal to acquire Wilko brand and website
Value retailer The Range has made a deal to buy the Wilko brand from administrators PwC for around £5m, saving 36 jobs in the process.
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NewsPepco Group to snap up 71 former Wilko stores
Pepco Group has reached an agreement with administrator PwC to acquire up to 71 former Wilko sites.
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AnalysisWhat does the collapse of Wilko mean for the UK high street?
News emerged this morning that a rescue deal by HMV owner Doug Putman had collapsed, leading to a further announcement of the likely closure of all 400 stores and the loss of 12,500 jobs by early October.
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Opinion‘Wilko’s rescue deal fiasco is a distraction from the real problem’
A new week brings fresh headlines about Wilko’s struggle to find a rescue deal that would save most of its 400 stores and keep its 12,500 staff employed but, as of the time of writing, the hunt for a buyer rumbles on.