THE RETAIL BULLETIN - The home of retail news
HOME
VIRTUAL EVENTS
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT
CONTACT
SUBSCRIBE FOR FREE
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

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.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News