B&M reports surging sales

NEWLY floated value retailer B&M Bargains has reported a near 32% surge in sales to £367m in the 13 weeks to June 28.
 
The fast-expanding Liverpool company said it had seen like-for-like sales growth of 6% in the same period.

B&M, which was the biggest North West IPO this year, has opened seven new stores in the last few weeks and now has 380 B&M Bargain and B&M Homestore outlets and a further 49 in Germany under the JA Woll and Hafu brands.

Chief executive Simon Arora said: “The group’s first quarter trading performance has been a strong one, demonstrating the continued popularity of our unique offer.  Our like-for-like performance was driven by our strong product offering, growth in the average customer transaction value and the late Easter.

“Our hard working teams are focused on delivering our important Autumn Winter season and our on-going new store programme. The management team of JA Woll has made good progress on accessing the Group’s Far East supply base for its 2015 ranges.”

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