Archive of all B&M articles – Page 3
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NewsCity snapshot: Simon Arora to step down as CEO of B&M
B&M Bargains owner B&M European Value Retail has announced this morning that Simon Arora will retire as CEO next year after 17 years leading the business. Plus, ONS Retail sales, GfK consumer confidence and Pepco appoints Trevor Masters as CEO.
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NewsHeron Foods warns over fake job scam letter
The letter, which uses Heron Foods letter heading, also promises help with entitlement to work in the UK
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NewsCity Snapshot: Arora family sells £234m stake in B&M
SSA Investments, the investment vehicle of the Arora family, has sold reduced its shareholding in B&M Bargains owner BME European Value Retail from 11% to 7% after placing £234m of shares last night. Plus, McColl’s CCO heads to Sainsbury’s and all the rest of the latest news from the City.
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NewsPositive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
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NewsHeron Foods estate growth slowed by pandemic
The frozen food retailer has a long-term vision to grow the business but 20 to 30 stores a year, but the estate grew by just 13 in the year to 27 March 2021
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NewsB&M staging its own jobs fair in push to fill posts from stores to head office
The variety discounter is appealing for candidates to come along without an appointment to the event at its head office
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NewsCity News: B&M shares fall on expectation it can’t ‘improve on perfection’
Having absorbed B&M European Value Retail’s surging annual sales and doubling of profits, the market promptly sent the discounter down 5%
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NewsCity snapshot: Profits and sales surge in ‘exceptional’ year for B&M
Revenues leapt by a quarter and profits more than doubled at B&M European Value Retail as the coronavirus pandemic led to a spike in demand.
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Comment & OpinionB&M offers 2,000 Kickstart job placements for young people
The placements are in retail, distribution and support centres across the UK
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NewsCity snapshot: B&M hikes profits expectations after strong lockdown sales
The owner of B&M Bargains has hiked its full year profit expectations after sales continued to boom during the second lockdown period this year. Plus, Marston’s asks bondholders to relax financial covenants, Wynnstay acquisitions, Supermarket Income REIT raises more cash to buy supermarkets and all the rest of the latest news from the City
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NewsHeron Foods store opening programme ‘scaled back’ due to pandemic
The B&M-owned frozen food business has scaled back its ambitions to 15 new stores this financial year, rather than 20
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Analysis & FeaturesHow discounter B&M broke into the FTSE 100
B&M was loss-making and relatively little known when Simon and Bobby Arora bought it in 2004. How have the brothers transformed it?
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NewsLockdown sales surge helps B&M reach FTSE 100
The coronavirus crisis has helped propel B&M Bargains owner B&M European Value Retail into the FTSE 100, six years after making its stock market debut.
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NewsAlex Russo to take over as B&M chief financial officer in November
Russo will become CFO and executive director of the company on 16 November following a handover from Paul McDonald
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NewsB&M sells FFP2 face masks as part of new range
FFP2 masks are recommended for clinical use by the World Health Organization
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NewsB&M offers hope to workers affected by Poundstretcher restructure
Poundstretcher’s rapidly growing rival said it wanted to hear from people affected by redundancy or restructures
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NewsCity snapshot: DIY and gardening sales boom boosts revenues at B&M
B&M European Value Retail has announced today it has seen a double digit jump in like for like sales during the lockdown period, despite a “significant fall” in customer numbers. Plus trading updates from Eage Eye, Young’s and all the rest of the latest news from the City.
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NewsB&M to temporarily close 49 stores
The 49 closures were typically of smaller branches, including some in shopping centres
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NewsCoronavirus: B&M prioritises food and toiletries over general merchandise
The variety discounter has turned its warehouses and lorry fleet to focussing on getting the products most in demand to stores
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NewsCity Snapshot: B&M sells German business for €12.5m
B&M Bargains owners B&M European Retail has sold its loss-making German arm Jawoll to a consortium of German investors for €12.5m (£10.9m). Plus, The Bank of England has slashed interest rates back to a historic low of just 0.25% as an emergency response to the coronavirus outbreak and all the rest of the latest news from the City.