All B&M Bargains articles – Page 3
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NewsB&M names new chief executive as profits come in flat
Value giant B&M has promoted chief financial officer Alex Russo to become chief executive and reported flat full-year profits.
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Opinion‘As CD&R rescues McColl’s, it’s time to change the narrative on private equity’
After a wretched few days, today finally brought some much-needed certainty for McColl’s 16,000 employees and the 2,000 members of its two pension schemes.
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AnalysisAnalysis: Five ways outgoing B&M boss Simon Arora created a value powerhouse
B&M chief executive Simon Arora will step down next year, having transformed the value operator into a UK retail powerhouse over the past two decades. His time at the helm offers lessons aplenty for his contemporaries, as Retail Week explores.
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NewsB&M boss Simon Arora to retire next year
Simon Arora will step down as chief executive of B&M next year after 17 years of leading the business.
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DataRanking: From Halfords to The Hut Group – how Covid has boosted and battered retail share prices
Two years after the UK was plunged into its first national lockdown, Retail Week analyses how the Covid crisis has impacted the valuations of Britain’s listed retailers.
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NewsExclusive: The Post Office poaches longstanding B&M exec to helm retail arm
The Post Office has named B&M’s UK operations director Martin Roberts as its new chief retail officer, Retail Week can reveal.
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NewsBoots, B&M and Halfords see early Christmas demand surge
Boots, B&M and Halfords are all seeing consumers preparing for the festive season earlier than ever, with sales in some Christmas categories outpacing pre-pandemic levels.
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NewsB&M profits slip as boss Arora warns of challenging second half
B&M delivered a slip in profits but a jump in group revenues as boss Simon Arora flagged the challenges facing the retail industry heading towards the crucial Christmas period.
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NewsB&M sales slow as boss indicates ‘uncertainty’ around consumer spending
B&M’s sales have dipped in the first quarter of the value retailer’s current financial year following exceptionally strong trading during the pandemic.
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Future LeadersWhat can retailers do to meaningfully support transgender customers and employees?
Pride Month may be over, but the work needed to create real change is not. Retail Week analytical journalist Eleanor Smith asks, if equality isn’t contentious, why are trans identities?
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NewsB&M profits more than double as sales climb in ‘exceptional’ year
B&M has delivered rocketing full-year profits and a surge in sales as boss Simon Arora says the retailer’s store network and value offer will hold it in good stead for strong trading post-lockdown.
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Retail Navigator AnalysisB&M (Overview)
B&M Group generates some £5.5bn of annual sales from its three divisions - B&M UK, Heron Foods UK and B&M France - and is one of the UK’s most profitable discount groups.
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Retail Navigator AnalysisB&M (SWOT)
B&M has been one of retail’s recent success stories, with former boss Simon Arora having raised the group’s overall sales from £70m in the mid-2000s to some £4.7bn by FY2021. Under new CEO Alex Russo, group sales hit the £5.5bn mark in FY2022.
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Retail Navigator AnalysisB&M (People)
Former CFO Alex Russo has taken on the top job at B&M from September 2022. The new boss has big shoes to fill, having taken over from former CEO Simon Arora who stepped down after transforming B&M into a value powerhouse in nearly two decades at the helm.
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AnalysisAnalysis: Has private equity ownership done retail more harm than good?
Buy cheap, pile on debt, flog assets and extract the value, sell high to a new owner and pay yourself handsomely – that’s one characterisation of private equity, with recently collapsed department store group Debenhams seen as the poster child in critics’ eyes.
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NewsB&M poaches The Range digital boss as it ponders online launch
B&M has poached The Range’s chief digital and omnichannel officer Jens Sorensen as it gears up for a push into ecommerce.
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NewsB&M awards staff bonuses after strong golden quarter
B&M Bargains has registered a strong uplift in revenues during the festive period as more consumers sought value for Christmas.
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NewsB&M and Pets at Home follow grocers and forego rates relief
Value giant B&M and specialist retailer Pets at Home have become the latest retailers to waive business rates relief after Tesco sparked a spate of such initiatives earlier this week.
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NewsB&M half-year profits skyrocket as sales surge
B&M has recorded a jump in interim profits spurred by a leap in sales that boss Simon Arora says shows the retailer is “well-attuned to the evolving needs of customers”.
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NewsB&M raises profit forecast following first-half sales surge
B&M has raised its half-year profit guidance following a “strong” uplift in sales.