All B&M Bargains articles – Page 5
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Retail Navigator AnalysisB&M (SWOT)
B&M has been one of retail’s recent success stories, with former boss Simon Arora having raised the group’s overall sales from £70m in the mid-2000s to some £4.7bn by FY2021. Under new CEO Alex Russo, group sales hit the £5.5bn mark in FY2022.
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Retail Navigator AnalysisB&M (People)
Former CFO Alex Russo has taken on the top job at B&M from September 2022. The new boss has big shoes to fill, having taken over from former CEO Simon Arora who stepped down after transforming B&M into a value powerhouse in nearly two decades at the helm.
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AnalysisAnalysis: Has private equity ownership done retail more harm than good?
Buy cheap, pile on debt, flog assets and extract the value, sell high to a new owner and pay yourself handsomely – that’s one characterisation of private equity, with recently collapsed department store group Debenhams seen as the poster child in critics’ eyes.
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NewsB&M poaches The Range digital boss as it ponders online launch
B&M has poached The Range’s chief digital and omnichannel officer Jens Sorensen as it gears up for a push into ecommerce.
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NewsB&M awards staff bonuses after strong golden quarter
B&M Bargains has registered a strong uplift in revenues during the festive period as more consumers sought value for Christmas.
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NewsB&M and Pets at Home follow grocers and forego rates relief
Value giant B&M and specialist retailer Pets at Home have become the latest retailers to waive business rates relief after Tesco sparked a spate of such initiatives earlier this week.
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NewsB&M half-year profits skyrocket as sales surge
B&M has recorded a jump in interim profits spurred by a leap in sales that boss Simon Arora says shows the retailer is “well-attuned to the evolving needs of customers”.
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NewsB&M raises profit forecast following first-half sales surge
B&M has raised its half-year profit guidance following a “strong” uplift in sales.
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NewsB&M set to enter FTSE 100 as pandemic sales climb
B&M will bump ITV out of the FTSE 100 in a quarterly reshuffle as the discount retailer’s market value rose by nearly a quarter during the year.
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NewsB&M full-year profits and sales rise despite coronavirus disruption
B&M has posted an uplift in full-year profits bolstered by strong sales growth, and reports that revenues throughout the coronavirus pandemic have been “strong”.
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NewsB&M sales surge as DIY and gardening demand spikes in lockdown
B&M has posted a jump in sales during lockdown, driven by “exceptionally strong” performance in grocery, DIY and gardening categories.
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NewsB&M completes sale of German business
Value retailer B&M has completed the sale of its German business Jawoll, five months after opening a strategic review into its performance.
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NewsB&M poaches rival Wilko’s finance boss Russo
B&M has snapped up general merchandise competitor Wilko’s chief financial officer Alex Russo for the same role at its own business.
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NewsB&M books Christmas sales uplift despite ‘difficult’ retail backdrop
B&M has recorded an uplift in sales over the festive period, although boss Simon Arora says the value retailer posted “a slower performance than anticipated.”
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AnalysisFrom horsemeat to the Crystal Methodist: most memorable moments of the decade
Retail Week looks back at the most groundbreaking retail stories of the 2010s.
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OpinionOpinion: Should B&M say auf wiedersehen to Germany?
The usually infallible B&M posted a subdued set of interim results this morning.
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NewsB&M reviews German business as profits tumble
B&M’s profits spiralled as the German arm of the business was “impacted by trading and operational issues”.
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AnalysisAnalysis: Will Christmas cheer beat festive fear as election looms?
The golden quarter is underway against a backdrop of worrying predictions on consumer spending, Brexit chaos and a possible general election. Retail Week looks at the industry’s prospects at this crucial time of year.
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NewsB&M posts ‘record-breaking’ sales
B&M has posted increased sales during its first quarter which boss Simon Arora hailed as its “third consecutive record Easter trading period”.
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NewsB&M profits rise driven by rapid store expansion
B&M has posted a jump in full-year profits despite ongoing struggles in the German market, driven by its rapid store expansion programme.