B&M news and analysis – Page 3
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NewsCity snapshot: B&M posts double digit sales and profit growth
B&M Bargains owner B&M European Value Retail has posted a double-digit hike to sales and profits in the first half as organic growth and new store openings boosted performance. Plus updates from WH Smith, Tate & Lyle, Domino’s Pizza Group, Henkel and Chapel Down
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NewsStandalone Wilko stores to return to the UK under ‘aggressive’ rollout plans
The Wilko brand owner CDS International has unveiled an “aggressive” expansion plan aimed at rebuilding the discounter’s UK footprint
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Comment & OpinionTesco boss continues to make strides against Aldi’s price challenge
Tesco boss Ken Murphy didn’t play ball when asked about Tesco versus Aldi price gap
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News1,000 more Wilko job losses expected in B&M ‘premises only’ deal for 51 stores
It follows 1,332 Wilko redundancies already confirmed, made up of 299 in two distribution centres, 17 in its digital operations department and 1,016 in 52 stores which are to close next week
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NewsB&M agrees to buy 51 Wilko stores as hopes for wider rescue fade
The announcement has been taken as a sign that a rescue of Wilko’s remaining 350 stores and brand is unlikely
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Analysis & FeaturesEight ways retail sector will change, according to the RSC
From discounter proliferation to online failures and less tax for the Treasury, how the Retail Sector Council sees the industry’s near future
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Analysis & FeaturesHow ‘loved’ high street discount retailer Wilko came to trouble
Wilko is in a struggle for survival, having last week filed a notice of intention to appointment administrators
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NewsCity snapshot: B&M UK first quarter sales up 9.2% on grocery and home growth
B&M Bargain’s owner B&M European Value Retail has posted double-digit first quarter growth driven by strong like-for-like growth in the UK
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NewsB&M reaping benefits of Lidl or Aldi nearby
The variety discounter’s latest annual report, published yesterday, highlights how its brand-focused range complements Lidl and Aldi’s more own-label focused assortment
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NewsCity News: B&M boosted by cost-conscious shoppers as sales soar
The rise of cost-conscious shoppers has bolstered B&M’s annual sales to almost £5bn, sending its share price soaring this week
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NewsMedia Bites 1 June: Iceland, price cap, inflation, petrol prices, B&M, WH Smith
There’s plenty of variety in this morning’s papers when it comes to fmcg stories.
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NewsCity snapshot: B&M boosted by price-conscious shoppers
Revenues at B&M have jumped 6.6% to £5bn as cost-conscious shoppers turned to discounters to help manage the cost-of-living crisis. Plus, the latest NIQ supermarket till roll data, and trading updates from WH Smith and Bakkavor.
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NewsB&M drops home delivery after less than a year
The variety discounter began offering the service in June last year, covering a range of about 1,000 bulkier general merchandise products
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Analysis & FeaturesPower List: The 10 most influential women in the world of discounting
Female talent continues to rise to the top of the food industry, yet gender diversity is still far from perfect. Our new power list series seeks to shine a light on the high-profile women in key sectors, and explore the issues at play
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NewsCity News: B&M, Greggs and Next provide investors with some Christmas cheer
Bargain hunters looking to stretch budgets helped B&M and Greggs, while Next raised profit forecasts following better-than-expected festive trading.
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Comment & OpinionWhy is Wilko struggling? Look no further than B&M’s success
In a crowded and fiercely competitive variety discounter market, more shoppers are favouring B&M. Here’s why
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NewsCity snapshot: B&M hikes profit guidance on strong pre-Christmas trading
B&M Bargains owner B&M European Value Retail has raised its full year profits guidance after posting double-digit growth in the quarter leading to Christmas. Plus, Greggs sees ‘favourable’ Christmas trading and all the rest of the latest news from the City.
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NewsHeron Foods continues to fall short of long-term estate growth plans
The B&M-owned frozen food retailer opened 16 stores in the year 26 March 2022 but also closed 11 under-performing ones as leases ended
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NewsHeron Foods launches cheapest frozen Christmas dinner deal yet
It comes Tesco after launched a £25 frozen Christmas dinner deal for five earlier this month, only to be followed by a similar deal from Asda for £22
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NewsCity snapshot: WH Smith back in the black as travel recovery takes flight
WH Smith has swung back into the black as its travel division experienced a significant recovery from the pandemic. Plus, interims from B&M and Tate & Lyle, and Q3 updates from Haleon and Domino’s Pizza.