Skip navigation

Gloucestershire Business News

Big pandemic gains for B&M

Discount retailer B&M is expected to reveal earnings of at least £590 million for the year to 31st March.

The homewares, garden and household chain, which has stores in Gloucester, Cheltenham and Lydney, was classed as an essential retailer and able to stay open throughout the three national lockdowns.

B&M, which also operates a large business across Europe, said it saw a big increase in new customers during the pandemic, attracted by the discount pricing, as reported by Retail Gazette.

With other retailers now open, the challenge for B&M will be hold onto to its new customers.

B&M said earnings for the year would be higher than earlier forecasts, despite its commitment to repay the government the £80 million business rates holiday it received.

Gains for the current financial year could be even higher, as the costs of keeping the business Covid-secure ease off.

Related Articles

Versarien's revenues halve and losses rise Image

Versarien's revenues halve and losses rise

Forest of Dean-based advanced engineering group Versarien saw its revenues halve last year.

Gloucestershire company launches same-day service Image

Gloucestershire company launches same-day service

Gloucester-based Freemans Event Partners has launched a brand-new around-the-clock foodservice logistics offer.

Gloucester business expands at Elmbridge Court Image

Gloucester business expands at Elmbridge Court

Just three offices are now available for rent at Elmbridge Court, following the latest letting.

Cirencester town centre to deliver improved parking Image

Cirencester town centre to deliver improved parking

Better parking and traffic control improvements for Cirencester residents and businesses.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.