By Grace Bowden2019-11-12T17:13:00
The usually infallible B&M posted a subdued set of interim results this morning.
The value giant, which has recorded a 70.5% slump in pre-tax profit to £32.2m at the half-year mark, attributed its subdued performance to its struggling German division, where the retailer’s performance is less Jawoll than ‘ach nein’.
The business’ German division swung to a £12.2m pre-tax loss during the period, compared with a profit of £1.1m the previous year, which has prompted a business review of the market.
Germany is one of Europe’s most significant discount markets, so the opportunity to grow sales in that region is substantial if done right. So why has one of the UK’s most formidable operators had such trouble?
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.