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

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Wednesday, June 16 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Wednesday, June 16

The ongoing coronavirus situation is changing by the hour with announcements being made about businesses and services that are being forced to adapt and change.

Gloucester Rugby unveils multimillion pound training and hospitality facility Image

Gloucester Rugby unveils multimillion pound training and hospitality facility

Gloucester Rugby has given a glimpse of its state-of-the art new training facility and hospitality venue.

GE Aviation and Safran launch next generation jet engine project Image

GE Aviation and Safran launch next generation jet engine project

Two of Gloucestershire's aviation giants have launched a bold technology development program.

Cirencester cyber firm launches phishing prevention and awareness service Image

Cirencester cyber firm launches phishing prevention and awareness service

A Cirencester cyber firm has launched a new fully managed phishing prevention and awareness service.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.