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
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
B&M sees like-for-like sales slow in first quarter

B&M European Value Retail has reported that group sales revenue rose by 24.4% to £456.6 million in its first quarter despite a slowdown in the growth of like-for-like sales.

GENERAL MERCHANDISE

B&M sees like-for-like sales slow in first quarter

B&M European Value Retail has reported that group sales revenue rose by 24.4% to £456.6 million in its first quarter despite a slowdown in the growth of like-for-like sales.

In the 13 weeks to 27 June, UK like-for-like sales increased by 1.1% compared to 6% in the corresponding period last year.

The group said the like-for-like performance was achieved despite “disappointing” weather in May which held back sales of outdoor seasonal products.

At the end of the quarter, B&M’s UK business had 450 stores trading after it opened 25 net new stores in the period.

The group said its two new format pilot stores in Germany are trading in line with budget.  

Simon Arora, B&M chief executive, said: "I am pleased to report that the group has delivered another strong Spring trading period. We have opened 25 stores in just 13 weeks, which is a record rate of openings, and testament to the hard work and dedication of our colleagues. As consumer spending improves, it is apparent that shoppers remain keen to spend with value retailers and we continue to win market share."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

SELECT COUNT(`id`) FROM `news` WHERE `id` <> 25862 AND ()
You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near ')' at line 1

TAGS

Subscribe For Retail News

RETAIL EVENTS

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
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process