09 January 2024 , 11:09
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B&M is set to open up more stores in the next few months with brand new sites welcoming customers in the coming days.
In a recent financial update, the popular high street chain announced that it was on track to open 45 new stores in the UK this financial year and that it plans to open a similar number in the next year. The first store opening will be in Porthmadog, Wales on January 18. A further six stores will be opening in January. A further 10 a reportedly set to open in February. Overall, B&M has over 700 stores in the UK.
The Porthmadog store, which has created 35 jobs in the area, will take over the former 16,033 sqft Wilko store with doors set to open to customers at 8am. You can see upcoming B&M openings on the discounters website.
B&M owners - the B&M European Value Retail group, which also runs the Heron frozen foods chain - revealed that revenues increased by 5% to £1.65billion over the 13 weeks to December 23. This meant company revenues grew by 8.1% over the first nine months of its financial year. The retailer hailed this as a positive performance and said it sold "excellent" volumes of general merchandise.
Alex Russo, chief executive of the group, said: "The performance across the 'golden quarter' has been pleasing, with strong operational execution across the three businesses. Our strategy remains unchanged - we are an everyday low-price discounter with a laser-focus in keeping excellence in retail standards and our costs the lowest. This allows us to provide our products at the best price to all customers, many of whom continue to face significant cost-of-living pressures."
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The B&M boss added that the company is on track to meet its earnings target of between £620million and £630million for the year.
Last year, B&M announced it was to open 30 new stores in the UK, which included some relocations of older B&M stores. In September, the chain announced it was going to buy 51 old Wilko stores after the chain fell into administration in August 2023. It is currently in the process of reopening the former Wilko sites as B&M stores.
New B&M stores opening soon
- Porthmadog, Wales - January 18
- Chelmsley Wood, Solihull – January 25
- Stourbridge, Dudley – January 25
- Washington, Sunderland - January 26
- Wigston, Leicestershire - January 26
- Loughborough, Leicestershire - January 27
- Allestree, Derbyshire – January 27
- Cathedral Lanes, Coventry – February 2
- Harrow, London - February 10
- Clowne, Derbyshire – February 17
- Arnold, Nottinghamshire - February 21
- Guildbourne Centre, Worthing – February 21
Castle Douglas, Scotland – February 22
Thamesmead, London- February 22
Beaumont Lays, Leicester - February 23
New Cross Gate, London – February 24
Gunness, North Lincolnshire – February 24