It’s been a good year for B&M – with 54 new stores opened in the UK, profits up and plans for even more deals and stores to come.
But it’s not stopping yet. The bargain retailer has plans to push on even further, adding 50 more new stores this year alone.
Chief executive Simon Arora said: “B&M has again delivered strong results against the challenging backdrop.”
B&M now has 620 stores, but plans to keep expanding until there are 950 in the UK – and that’s not counting the B&M Express branches.
How’s it managing it? Well Arora thinks it’s the “value” positioning customers love “whether they need a bargain or just enjoy one”.
Oh and toys.
B&M’s share of the toy market is seven times higher than its overall position, and are growing faster than the business overall too.
A lot of that is down to Disney and Lego – Who B&M have made deals with.
The good news for fans of products like the adorable Beauty and the Beast Chip mug is that there’s more of this coming.
“We see more opportunity in this already important category,” B&M said.
In a week where retail giants like M&S and Arcadia announced more store closures, and Jamie Oliver’s restaurant group go bust, it’s good to see one high street company doing well – especially as it also plans to employ 1,600 new people as part of its expansion.
“We enter the new financial year with renewed trading momentum particularly in the UK, a high quality new store expansion programme in place, and investing in our new infrastructure to support future growth,” Arora said.
“I’m confident B&M is well-positioned to deliver further strong progress in the current year and beyond.”