How value retailer B&M aims to bounce back with focus on basics

B&M store exterior, Baguley, Manchester

Source: Russell Hart/Alamy

Low-price retailer B&M may have suffered a fall in full-year profits, but a strategic focus on the basics that originally made it such a success gives grounds for encouragement.

After joining a year ago, B&M chief executive Tjeerd Jegen’s challenge was made tougher when, on top of operational improvement, he had to contend with an accounting error leading to the departure of the chief financial officer.

 

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