B&M is one of the fastest growing retailers in the UK and also one of the leading variety discounters. Founded in 1978, B&M has expanded internationally in Germany and France. Retail Week provides news, analysis, features and opinion about B&M and the value sector.
Value retailer B&M has named a new chief executive.
B&M group chief finance officer Mike Schmidt has been appointed as interim chief executive at the value retailer.
B&M said it was “making progress” on a new chief executive and would make an announcement in the coming weeks.
The former boss of supermarket chain Morrisons has emerged as a frontrunner to take the reins at B&M following its chief executive’s departure.
In the current trading environment, value specialist Poundland should be flying. It’s not.
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