16 July - 199p trading update
The discount retailer B&M European Value Retail has produced an encouraging trading update covering the first quarter of its financial year being the 13 week period to 27 June. This is the most seasonally variable for sales and this year has proved no exception. Overall group revenues rose 2% to £1.43bn with good growth at B&M France and Heron Foods, but flat revenues at B&M UK. The latter was largely due to last year seeing strong sales in the garden business which were not repeated this year although . . .
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