Member Article

Liverpool value retail company B&M report revenue up 28.8%

Liverpool value retail company B&M report revenue up 28.8% compared to the same period last year to £527.9 million.

The group has stores in both the UK and Germany.

The company expect to open 50 new stores in this financial year and report that despite competitive market conditions it continues to expect to perform well.

Chief Executive, Simon Arora, said, “The Group’s third quarter trading performance has been pleasing despite the competitive market.

“Our Christmas Decoration and Gifting ranges enjoyed a good rate of sell-through and we believe we are becoming a destination store for these important seasonal categories.

“The 44 new stores opened by the end of the third quarter have also traded well over their first Christmas season.

“We expect to meet market expectations of revenue and profit growth in our maiden year as a quoted company.”

This was posted in Bdaily's Members' News section by Sophia Taha .