Essential reading for retailers and suppliers in the home improvement market

B&M has “best ever” Christmas but warns prices will still rise

Published: 4 January 2017 - Jenny Wonnacott

Discount retailer B&M delivered record sales over the Christmas trading period, with like-for-likes up 7.2% in the three months to December 24, but has warned that prices will still rise in 2017 due to the devaluation of the pound.

B&M enjoyed a record breaking Christmas period, but could face a more challenging year ahead
B&M enjoyed a record breaking Christmas period, but could face a more challenging year ahead

Revenue at B&M was up 20% to £789.1m for the festive quarter, and 14 new stores were opened. The retailer said it was confident it would meet full-year profit forecasts.

Said managing director Simon Arora, “We have once again demonstrated the strength, relative appeal and popularity of our model at a time of uncertainty for consumers generally and continuing structural change in the retailing sector.

"We have delivered our best ever Christmas trading and served over 5.5 million customers in a single week in the UK alone as we continue to gain market share."

It was back in November that B&M first warned customers that prices would rise as the fall of the pound following the EU referendum vote begins to affect import costs. The company was able to prevent the price hike last year after hedging against currency swings, but has said it will no longer be able to do so come Spring.


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

What do you think?

Are you seeing stronger sales growth in hand tools or power tools?

Latest reader comments

re: Trago Mills opens mega store in Merthyr Tydfil

Stuart Jones
Have you got lawn mowers in your Merthyr Store?...

re: Wyevale Garden Centres put up for sale by Terra Firma

cant wait to see the back of his nasty company, treating staff and suppliers with utter contempt in their sole focus of greed and money so ...

re: excels in Which? website survey

Yasminia Jackson
I Visited the Rochdale branch on the 12/05/18. Great service, Gee was very friendly and helpful. I Will call again....

re: Flooring Republic set for “monster growth” in UK

Linda Withecombe
FLOORING REPUBLIC This firm Has has lied and lied is totally unscrupulous in its business practices. I along with many others are still ...

Most read stories