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Daily Mirror
Daily Mirror
Business
James Andrews

B&M to open 46 new stores this year - see where the next 8 will be

On the back of soaring sales B&M stores is planning to open "at least 46" new outlets this year.

The value retailer saw takings rise 13.8% in its latest results, as it opened 30 new branches in six months.

And their success means more are coming.

Chief executive Simon Arora said stores were performing "consistently well", adding: "The current crop of new stores also achieved especially strong results."

"Despite the continued uncertainty in the economic environment generally, we are very proud to say that each of the top five store opening days in our history have all been in stores we have opened in the last 12 months."

B&M is getting bigger (Trinity Mirror)

As well as entirely new stores, B&M also relocated 4 of its existing ones to bigger premises.

"We have continued to take advantage of opportunities presented by the current retail property market to relocate stores to larger and more modern premises with higher levels of store contribution," B&M said in a statement.

B&M, founded in 1978, now has 645 main stores in the UK operating - along with 290 discount convenience stores branded Heron Foods and B&M Express branches.

It's aim is to reach 950 main stores - but added that target is looking "like an increasingly conservative estimate".

And the smaller brands are getting bigger too - with Heron 10 new stores  opened in the past year and at least 20 planned by the end of the financial year.

More stores are coming (Liverpool Echo)

Here are where the next 8 B&M stores will be opening:

  • Brecon Enterprise Park, Brecon – 13th November
  • Victoria Shopping Centre, Bradford – 16th November
  • Towers Lane, Market Drayton (Relocation) – 16th November
  • Ashby Gateway, Ashby De La Zouch – 27th November
  • Northumberland Retail Park, Shiremoor – 27th November
  • Victoria Shopping Park, Hednesford (Relocation) – 28th November
  • Bloomfield Shopping Centre, Bangor – 29th November
  • Ashbourn Way, Llanishen, Cardiff – 6th December
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