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

B&M 'delighted' with third quarter performance

B&M has grown its third quarter UK sales by 12.9% to £837.3 million with like-for-like sales up by 3.9%.

FASHION

B&M 'delighted' with third quarter performance

B&M has grown its third quarter UK sales by 12.9% to £837.3 million with like-for-like sales up by 3.9%.

The company’s Heron store estate contributed £79.8 million of revenues in the period.

B&M said the strong like-for-like performance was driven by the “robust” performance of its grocery and FMCG ranges, operational improvements to store standards and its “value” offer.

In the 13 weeks to 23 December, group sales increased by 22.7% on a constant currency basis. On an actual currency basis, total sales climbed by 22.9% to £969.8 million.

At the end of the quarter, the UK business was trading from 569 B&M stores and 263 Heron stores. B&M also operates 84 stores in Germany under the Jawoll fascia.

Jawoll's sales rose by 8.2% on a Euro basis in the period which equated to an increase of 10.4% in Sterling to £52.7 million.

Simon Arora, B&M chief executive, said: "B&M continues to go from strength to strength. Despite the demanding comparatives from the very strong Christmas in 2016, our buying, supply chain and retail teams achieved another outstanding performance this year by doing what we do best, which is delivering great value for customers week-in, week-out.

“With Heron also performing well and Jawoll having a solid quarter, I'm delighted with our progress.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2018
The HR Summit 2018
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues