B&M, UK's largest variety goods discounter, experienced a 3.5% drop in UK like-for-like sales in Q2 due to bad weather, but still generated £1bn in sales.
B&M, UK's largest variety goods discounter, saw a 3.5% drop in UK like-for-like sales in Q2 due to bad weather, but still generated £1bn in sales. Group-wide sales increased 2.4% to £1.3bn, including French outlets and new store openings, with plans for 1,200 stores nationwide. Despite concerns from equity analyst Clive Black, B&M's CEO Alex Russo is confident in the company's growth fundamentals and new Everyday Value range.
July 16, 2024
3 Articles