Discount retailer B&M has introduced the dates and places of 10 new shops
B&M Bargains has confirmed the places of recent shops within the UK in 2026 (Picture: Getty Photos)
Finances retail big B&M has revealed the places of 4 new superstores set to open throughout the UK throughout the subsequent month. The worth retailer has affirmed its dedication to nationwide enlargement, with further branches launching in England, Scotland and Northern Eire within the coming weeks.
The opening date for a retailer in Plymouth – positioned in The Broadway, Plymstock – has now been confirmed for later this month. The primary outlet is about to open on Fundamental Avenue, Strabane, County Tyrone, on Saturday, February 28.
The remaining three launches, unfold throughout England, Scotland and Northern Eire, will all happen inside per week throughout March.
A department in Strabane, County Tyrone, is slated to open on Friday, March 20. The next day, one other retailer will debut in Fort William, Inverness-shire on Saturday, March 21.
Then, a store will open on Broadway Plymstock on March 28. These openings add to 6 branches which have just lately launched, bringing the overall to 10 new shops.
Final month, B&M issued one other revenue warning amid declining revenues and aggressive discounting because it continues with restructuring efforts.
The retailer revealed UK like-for-like gross sales fell 0.6% in the course of the essential buying and selling interval ending December 27, although it posted a constructive 3% improve in December and confirmed that development had continued into January. The corporate lower its full-year underlying revenue steering for the third event since October, to between £440 million and £475 million, down from earlier expectations of £470 million to £520 million.
This represents a big decline from the £620 million underlying revenue delivered for the 12 months to March 29 2025.
BandM said: “The downward motion in vary is pushed by ongoing investments in pricing and clearance, enhancements in inventory high quality and the monetary underperformance of Heron Meals, the place we proceed to overview and reposition our buyer supply.”
Gross sales at Heron Meals dropped 0.1% in the latest quarter. BandM revealed it had intensified initiatives to shift surplus stock via substantial worth cuts and remained “assured the actions we’re taking can restore sustainable like-for-like development at BandM UK over the following 12 to 18 months”.
The group’s “again to fundamentals” strategy unveiled final October has concerned bolstering its worth credentials, together with worth cuts all through the vary, while it has additionally considerably trimmed its product assortment throughout a number of classes as a part of measures to simplify operations and scale back bills. Past its buying and selling difficulties, the corporate was additionally hit final October by an accounting blunder when it did not accurately account for an additional £7 million in worldwide freight prices, forcing it to decrease its annual revenue expectations.
In January, the group revealed its inquiry into the problem had completed, stating that “implementation of the report’s suggestions on particular IT and monetary operational processes is below manner”.
Tjeerd Jegen, who took up the chief government position final 12 months, stated: “As we progress ‘Again to BandM Fundamentals’, we’re figuring out alternatives to make deeper investments in clearing discontinued strains.
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“As with our pricing actions, these are investments within the long-term power of BandM, however they do affect near-term monetary efficiency.
“In consequence, we’re revising our full-year steering downwards to mirror these actions and the monetary underperformance at Heron.”
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