THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
B&M’s sales increase despite ‘difficult’ UK retail environment

B&M saw its group revenue climb by 9.3% at constant currency in its third quarter despite a decision not to carry out any early discounting activity. In… View Article

GENERAL MERCHANDISE NEWS

B&M’s sales increase despite ‘difficult’ UK retail environment

B&M saw its group revenue climb by 9.3% at constant currency in its third quarter despite a decision not to carry out any early discounting activity.

In the 13 weeks to 28 December, revenue at UK B&M stores rose by 8.8% to £957.4 million and by 0.3% on a like-for-like basis. The company said like-for-like sales were held back by disappointing sales in the toys and seasonal confectionery categories but this was offset by a good performance in its home departments.

B&M refrained from participating in any early or unusual discounting in the period and instead focused on it cash margin.

Simon Arora, B&M chief executive, said: “Against the backdrop of a difficult UK retail environment with reduced shopper footfall and political uncertainty, our core B&M UK business generated continued growth and delivered a record level of peak season sales. Cumulatively, B&M UK has achieved 2.3% like-for-like sales growth during the financial year to date, albeit with a slower performance than anticipated during the run-up to Christmas.”

The group’s Heron Foods business increased its revenue by 6.2% to £95.6 million while the French Babou chain achieved a 29.3% uplift in sales on a constant currency basis.

In contrast, Jawoll’s revenues fell by 1.5% to £53 million. B&M is currently carrying out a strategic review of the business.

B&M said its January trading has started well but warned that the sales could be impacted by any adverse weather during the remainder of the winter trading period.

Subscribe For Retail News