B&M news and analysis
B&M is a variety discount retailer with more than 780 stores, offering groceries, home goods, and general merchandise. It also operates Heron Foods and B&M Express. The Grocer covers B&M with news, analysis, insight and opinion.
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Comment & OpinionOne-off or not, B&M’s accounting error could stall return to growth
Investors are exasperated and analysts are questioning B&M’s financial controls
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NewsB&M CFO hands in notice after accounting error knocks profit
B&M’s CFO has told the board he will step down, after a £7m accounting error forced the company to downgrade its profit guidance for the 2026 financial year
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NewsB&M launches ‘decisive’ turnaround as profits fall again
The discount retailer is under pressure due to declining profits and stagnant growth
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NewsB&M strikes 10-year deal with logistics tech firm Iron Mountain
Iron Mountain will handle picking at the ‘state of the art’ Rugby facility, with operations expected to start early next year
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Comment & OpinionToday’s variety discount shopper wants more than low prices
Low prices may have been the original draw but they’re no longer the path to success for variety discounters, says Michela Pearson, insight analyst at IGD
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NewsHeron Foods sheds 250 shopworkers and warehouse staff while opening new stores
The average monthly number of sales and distribution employees at the frozen food chain fell by 256 to 5,391 in the 52 weeks to 29 March 2025, according to accounts at Companies House
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NewsB&M shares sink to all-time low as investors worry about growth prospects
B&M shares plunged to an all-time low this week despite the discounter returning to growth in the UK for the first time in more than a year
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NewsB&M UK back in like-for-like sales growth in Q1
B&M UK like-for-like sales were up 1.3% in the 13 weeks to 28 June, assisted by drier weather and Easter timing, according to the retailer
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NewsB&M-owned Heron Foods appoints new finance director
Dale Fawcett replaces Stuart Bush, who has left after 26 years with the business
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NewsMedia Bites 18 June: Trump’s tariffs, artificial dyes and Ben & Jerry’s new boss
US retail sales fell by the most in two years in May
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NewsB&M CEO Tjeerd Jegen buys £500k-worth of shares for bargain price
B&M has revealed Jegen purchased almost 200,000 shares in five separate transactions last week
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Comment & OpinionWhat is the outlook for B&M as profits continue to fall?
B&M’s full-year earnings may be in line with its downgraded forecast, but investor patience is wearing thin as analysts wait for the new boss to get stuck in
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NewsB&M’s share price down 16% after recognition of poor performance
The retailer’s difficulties have caused its share price to halve since the end of 2023
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NewsB&M admits it must do better as profits slump
Former CEO Alex Russo stepped down in February after the company issued a profit warning
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NewsB&M appoints industry veteran Tjeerd Jegen as CEO
Tjeerd Jegen has worked in leadership roles at Ahold Delhaize, Metro, Tesco, Woolworths, HEMA and Takko Fashion over 25 years
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Comment & OpinionB&M can’t keep relying on new stores for sales growth
That challenge is not looking any easier after today’s update highlighted fmcg as the area of weakness
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NewsCity snapshot: B&M looks to shore up sales after another weak quarter
B&M is planning to open 45 new stores this year despite weaker sales across its stores
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NewsB&M taking steps to improve performance as weaker same-store trading continues in Q4
Growth in general merchandise was offset by weaker trading in fmcg
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NewsFormer Morrisons boss David Potts is ‘leading candidate’ to be new B&M CEO
David Potts is said to have been in talks with B&M for weeks
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Comment & OpinionThe wheels have fallen off B&M’s retail wagon – can it get back on track?
City patience is running out with B&M after it issued its second profits warning so far this year on Monday, at the same time CEO Alex Russo ‘fell on his sword’