B&M unveils turnaround plan after issuing profit warning
Value retailer B&M has launched a “decisive” turnaround plan, after issuing a profit warning for the first half.
In a half-year trading update, B&M profits sank to £198m for the 26 weeks to September 27, impacted by “weak” like-for-like trading performance in B&M UK and lower trading gross margins.
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