Discount chain B&M's expansion pays off

From BBC - January 12, 2018

Discount retailer B&M's rapid expansion in the UK appears to have paid off after it revealed strong sales figures for the past three months.

In contrast to many of its rivals which are closing shops, B&M opened 19 new shops in the 13 weeks to 23 December.

It now has 569 stores in the UK where sales surged almost 13% to 837.3m.

ETX Capital analyst Neil Wilson said its performance showed there was "still room on the High Street for brands that can meet consumers' needs effectively".

UK like-for-like sales, which exclude sales from new stores, rose 3.9% in the period, while overall group sales were up by 22.7%.


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