Good morning. With double-digit sales growth and profits up 8 per cent there is little sign of retail doom and gloom in full-year results this morning from the aggressively expanding discount chain B&M European Value Retail. British shoppers’ love of a bargain shows no sign of waning with the group’s UK business, B&M, reporting that sales rose 8 per cent in the financial year. Profits across the group, which also owns Heron Foods and Jawoll in Germany, rose to £249.4 million in the year to the end of March, up from £229.3 million. Revenue over the same period rose 17 per cent to £3.41 billion, up from £2.9 billion last year and in line with City expectations.
Source: The Times May 23, 2019 08:03 UTC