B&M
This coverage focuses on B&M’s strategy, operations, and performance within the UK value retail sector. Reporting highlights store openings, pricing strategies, leadership decisions, marketing campaigns, and the retailer’s response to changing consumer demand. Tailored for retail executives, brand managers, and operations professionals, the content provides insight into how B&M sustains growth and competitiveness in a value-driven market.
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Mar- 2025 -17 MarchHigh Street
Ex-Morrisons boss touted for B&M CEO role
Former Morrisons boss David Potts is reportedly among the leading candidates for the CEO role at B&M, according to The Sunday Times. Potts has reportedly been in talks with the bargain retailer for weeks about the position, which became vacant following Alex Russo’s departure last month. Sources familiar with the…
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Jan- 2025 -9 JanuaryPeople Moves
B&M shares fall as it lowers guidance
B&M has seen its shares fall 12% in early trading after it warned of a difficult trading period ahead, despite seeing its revenues surging 3.5% during the 13-week period from 29 September 2024 to 28 December 2024. It comes as its UK arm experienced a 2.8% increase in sales to…
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Jun- 2024 -5 JuneHigh Street
B&M posts profits of £498m
B&M has revealed that its statutory profit-before-tax rose 14% to £498m, up from £436m, for the year ended 30 March 2024. Furthermore, the group’s revenue jumped 10.1% to £5.5bn or 7.8% when excluding the 53rd week. Alongside this, the retailer posted an adjusted EBITDA of £629m, a 9.7% increase year-on-year…
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Jan- 2024 -24 JanuaryNews
Today’s news in brief-24/1/24
The Chair of B&M, Peter Bamford, has confirmed his retirement this calendar year after serving in the role since March 2018. An executive search firm has been appointed to initiate the recruitment process for a new chair, led by senior independent director Tiffany Hall. While no retirement date has been…
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24 JanuaryPeople Moves
B&M chair to step down this year
The chair of B&M, Peter Bamford, has confirmed he is set to retire this calendar year, having been in the role since March 2018. The company said an executive search firm has now been appointed and a recruitment process for a new chair will begin “with immediate effect”, and be…
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Nov- 2023 -9 NovemberDIY
B&M raises guidance as H1 sales rise 10%
B&M has upped its full-year outlook following a period of strong trading in H1, as sales rose by 10.4% to £2.5bn over the period. In the half-year ended 23 September 2023, profit-before-tax hit £222m, up from £201m the prior year, while adjusted EBITDA rose by 16.1% to £269m. In light…
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Sep- 2023 -5 SeptemberHigh Street
B&M eyes Wilko deal as Putman offer falters
B&M could reportedly be in line to acquire a number of Wilko stores after rescue talks with HMV owner Doug Putman hit difficulties this week. According to Sky News, B&M could acquire around 50 Wilko shops, with industry sources adding that Wilko’s administrators could soon announce the first round of…
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Jul- 2023 -28 JulyHigh Street
B&M secures three-year Bobby Arora commitment
B&M has announced that it has agreed a deal with group trading director Bobby Arora which will see him committed to the company until March 2026 at least. As a result of the deal Arora can receive a maximum bonus payout of £16m across the three year period depending on…
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Mar- 2023 -1 MarchHigh Street
B&M announces store reshuffle
Discount retailer B&M has announced that it is closing a number of stores over the next few weeks not for financial reasons but as part of a reshuffle of its store estate According to The Mirror, the closures are due to some stores moving to bigger sites or other external…
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Jan- 2023 -5 JanuaryHigh Street
B&M sees Q3 revenues hit £1.56bn
Variety goods retailer B&M has announced Q3 revenues of £1.56bn, up from £1.39bn compared with last year, a 6% increase like for like. It said the strong revenues were driven by its UK dealings with B&M UK accounting for £1.3bn. B&M France had revenues of £136m and its other company…
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