B&M: Discount retailer enjoys rewards of cost-of-living Christmas B&M B&M Bargains enjoyed a buoyant Christmas, reporting a five per cent leap in revenues during the golden quarter.
Owner of Majestic Wine and Punch Pubs acquires one of UK’s biggest discount retail chains Retail Poundstretcher, one of Britain's biggest discount retail chains, has been sold to the owner of Majestic Wine and Punch Pubs.
Slowing UK economy appears good news for discount retailer B&M B&M Brits seeking out bargains has helped drive B&M customer numbers up every month since June, as the group plans to roll out 30 more stores across the UK to up keep demand. For the year, the budget chain, which sells homewares and food, gained revenues of £4.9bn up from £4.6bn, as the group improved its [...]
Private equity giant 3i Group boasts strong results thanks to Dutch discount retailer February 1, 2024 Infrastructure giant 3i Group boasted of a "good result" for the last quarter of 2023, thanks in large part to its largest holding, Dutch discount retailer Action.
B&M sales dip as discount retailer names new chief May 31, 2022 Discount retailer B&M has warned trading patterns are anticipated to “remain unpredictable” in the year ahead, while it feels ready to reap the rewards of shoppers hunting for bargains amid sky-high inflation. In results for the year to 26 March 2022, group revenue dipped 2.7 per cent on the prior year to £4.67bn. However, this [...]
Discount retailers benefit from cost of living crunch as shoppers head to Aldi and Lidl March 1, 2022 Grocery price inflation hit a new high of 4.3 per cent last month, with budget supermarkets luring shoppers in as the cost of living intensifies. Fresh data from Kantar reveals the fastest rate of inflation since September 2013, with the exception of the start of the pandemic when households panic bought essentials. Aldi and Lidl [...]
B&M chairman Peter Bamford to step down after six years at the top January 23, 2024 The chairman of discount retail giant B&M is to retire later this year, it has been announced.
B&M sees rise in sales and plans wave of store openings November 9, 2023 B&M has reported a rise in sales as customers are squeezed by high inflation and the discount retailer plans a wave of new stores, including those formerly owned by collapsed rival Wilko.
UK consumers can expect a tsunami of offers and discounts in 2023, predicts retail heavyweight December 30, 2022 Consumers in the UK and across many other markets can expect a tsunami of offers, discounts and other price cuts in 2023 as retail’s focus is rapidly shifting to improving demand, according to an industry insider. As many retailers over-ordered in recent years, while there was a supply shortage, companies are now keen to get [...]
Poundland owner Pepco to accelerate plan for new stores as profit booms December 13, 2022 Poundland owner Pepco will accelerate its store rollout strategy as it looks to entice cash-strapped shoppers, after posting elevated profit. The discount retailer said it was taking an increased focus on new stores in Western Europe and a refit programme in Central and Eastern Europe. Pepco was upping its annual capex spend to between €350m [...]