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Revenues soar 20% as B&M enjoys record Christmas sales

By Ravender Sembhy

Discount retailer B&M, which has around 15 stores in Northern Ireland, has said a record Christmas helped it notch up a big rise in sales in the third quarter as it flagged a period of "uncertainty" for consumers.

B&M said like-for-like sales grew 7.2% in the three months to December 24, adding that it saw more than 5.5 million shoppers come through its doors in a single week during the period.

Revenue rose over 20% to £789.1m and the group said it is confident B&M will meet full year profit expectations. The company put the performance down to strong festive sales and "improved in-store standards" for customers.

Boss Simon Arora said: "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."

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