Skip navigation

Gloucestershire Business News

Results a mixed bag at B&M

Christmas sales were up at discount retailer, B&M, after a difficult November.

The retailer, which has a store in Cheltenham and two stores in Gloucester, posted a 1.6 per cent fall in UK like-for-like sales, mainly due to a challenging November.

But things turned around for B&M in December, with an increase in UK like-for-like sales of 1.2 per cent. The company said the improved trading has continued into January.

The company as a whole, which also owns a number of international brands, reported a 12.1 per cent increase in sales over the Christmas trading period, as international sales growth offset a decline in the UK.

Total group revenue rose to £1.09 billion for the 13 weeks to 29th December, up from from £969.8 million during the same period the previous year.

Simon Arora, chief executive, said: "Despite the broader economic uncertainty over the last quarter, B&M is on track to deliver a record year for both sales and earnings, representing our fourteenth consecutive year of profit growth.

"The business' ability to manage profitability through uncertain trading conditions is testament to the resilience of the business model and the strong operational controls we have in place. We continue to open new stores and win market share when other retailers are retrenching."

B&M plans to open a further 13 stores in the last three months of the financial year.

Related Articles

VIDEO: Cheltenham Borough Council spends £37.5million to secure land for Cyber Central Image

VIDEO: Cheltenham Borough Council spends £37.5million to secure land for Cyber Central

The biggest change to Cheltenham since the spa town boom of the 18th century has taken a significant step forward.

VIDEO: 'This is more than a business park, Cyber Central is a  project of national significance' Image

VIDEO: 'This is more than a business park, Cyber Central is a project of national significance'

The Cyber Central plan for Cheltenham has been called a “A project of huge local, regional and national significance” by one of the councillors leading the project.

Where the Cyber Central development will be built and how it will transform Gloucestershire Image

Where the Cyber Central development will be built and how it will transform Gloucestershire

It will have 1,100 homes and lead to new roads and new motorway junctions being built

Former Royal Engineer sent £14,000 drug profits abroad Image

Former Royal Engineer sent £14,000 drug profits abroad

A former Royal Engineer who made money from selling cannabis sent thousands of pounds of his illicit profits abroad to his wife and other people in four countries including two in Africa, a court heard.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.