B&M readies 40 new stores

Strong revenue growth spurs B&M into store opening spree

Written by Georgie Dobie

Posted 29.09.2020 | Retail

B&M readies 40 new stores thumbnail

B&M plans to open between 40 and 45 new stores on the back of strong first-half revenue growth.

The retailer reported group revenue growth of 25.3 per cent in the six months to 26 September, upgrading its profit guidance with expected adjusted EBITDA of £285 million. B&M will post its full interim results on 12 November.
Often operating in retail parks and other areas outside the high street, B&M has bucked the store closure trend and did not feel the hit from lower footfall. Now it expects to add between 40 and 45 new stores to its estate by the end of the year. The majority of the openings are expected in Q4.
“Our group has performed well in the first half,” said the retailer’s CEO Simon Arora. “Our business model is proving well-attuned to the evolving needs of customers, given our combination of everyday value across a broad range of product categories being sold at convenient out-of-town locations.
“Our people have risen to the many challenges posed by the Covid-19 crisis, not least in serving our customers through a period of high demand, keeping our shelves filled, providing a clean and safe shopping environment, as well as sourcing higher volumes than we had planned. I thank them all for their commitment, hard work and resilience.”

Jeff Goldstein joins Wilton Bradley as Country Manager for the US & Canada thumbnail

Jeff Goldstein joins Wilton Bradley as Country Manager for the US & Canada

Jeff Goldstein joins Wilton Bradley to manage growth

Industry Success for MGA Entertainment As L.O.L. Surprise! Wins a Hat Trick of Awards thumbnail

Industry Success for MGA Entertainment As L.O.L. Surprise! Wins a Hat Trick of Awards

Loved By Parents Awards L.O.L. Surprise! Platinum Wins in Three Categories

Industry Success as Baby Annabell’s Core Dolls receive Gold Award thumbnail

Industry Success as Baby Annabell’s Core Dolls receive Gold Award

Loved By Parents Awards have listed Baby Annabell 43cm as Gold in top toy category

Press Releases

Radio silence broken on Novel Entertainment’s new Horrid Henry podcast thumbnail

Radio silence broken on Novel Entertainment’s new Horrid Henry podcast

The first podcast based on the award-winning Horrid Henry TV series will launch this week under new ‘Horrid Henry Unlocked’ ...

APC Kids signs trio of deals for CTC Media’s Kid-E-Cats thumbnail

APC Kids signs trio of deals for CTC Media’s Kid-E-Cats

New deals sees hit property’s footprint expand in Asia, Latin America and North America

Live the track with the Lego Technic Ducati Panigale V4 R thumbnail

Live the track with the Lego Technic Ducati Panigale V4 R

The Lego Group has revealed its latest Lego Technic model – the Ducati Panigale V4 R

Have a field day with Britains’ New Holland Tractor! thumbnail

Have a field day with Britains’ New Holland Tractor!

Tomy has revealed the latest launch from Britains – a New Holland T8.435 Tractor