News That Matters

Tag: cheer

Festive sales cheer for value retailer B&M

Festive sales cheer for value retailer B&M

Business
Discount retailer B&M has emerged as a Christmas winner after food and other household essentials helped it grow like-for-like sales by 3.9% in the UK.Shares in the company, whose soon-to-depart chairman is former Tesco boss Sir Terry Leahy, rose 3% after the trading update covering the 13 weeks to 23 December.It comes a day after figures from Sir Terry’s former company fell short of City expectations, despite showing the best Christmas performance since 2010, when he was in charge.Retailers have seen mixed fortunes over the period, with food stores broadly doing well as squeezed consumers focused on essentials – leaving less left to spend on clothing and gifts at other stores.:: Christmas of contrasts for Britain's retailersB&M, which describes itself as the UK's leading general m