A HUGE bargain chain is to open dozens of new this year as part of its expansion plans. B&M is planning to open another 30 new stores over the next 12 months. The retailer has announced that it…
Broadwalk Shopping Centre, Bristol - March 29The B&M, which also owns Heron Foods, revealed a dip in profits but growth in revenue after releasing its 2023 financial year preliminary results this morning.Alex Russo, B&M's chief executive, said: "2023 has been another year of strong underlying progress for B&M and the long-term future looks very positive.
"B&M has many years of profitable growth ahead, to be delivered through our four channels of growth – existing B&M UK stores, new B&M UK stores, France and Heron. "In delivering this growth, B&M will generate cash and compound earnings growth for our shareholders." "We are actively responding to the short-term pressure on consumers from the cost-of-living crisis with a relentless focus on price and value."
B&M confirmed that it also has plans to open 20 new Heron Foods stores across the UK over the next 12 months after sales grew by 18.1% year on year.
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