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UK B&M reports record Christmas sending warmth around the city |
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#1 |
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UK B&M reports record Christmas sending warmth around the city
The company reported total group revenue of 789.1 million pounds for the quarter, up 20.5 percent in constant currency, including a 7.2 percent rise in UK like-for-like revenue.
http://uk.mobile.reuters.com/article/idUKKBN14O0JN Nice to have some positive posts on here to comment on instead of the usual doom & gloom posters taking over the show. |
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#2 |
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Join Date: May 2008
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Quote:
The company reported total group revenue of 789.1 million pounds for the quarter, up 20.5 percent in constant currency, including a 7.2 percent rise in UK like-for-like revenue.
http://uk.mobile.reuters.com/article/idUKKBN14O0JN Nice to have some positive posts on here to comment on instead of the usual doom & gloom posters taking over the show. |
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#3 |
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Join Date: Apr 2010
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Indeed. It's very good news.
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#4 |
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Join Date: May 2008
Location: Lancashire
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Indeed. It's very good news.
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#5 |
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Join Date: Apr 2010
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Ah but is it due to Brexit, or the falling pound?
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#6 |
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Join Date: Oct 2004
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Retailer of cheap tat sells lots of cheap tat in run up to period where people give cheap tat to each other. People on poor wages (such as those employed by B&M, well, except the top brass) can only afford cheap tat anyway.
This is the future of Britain - buying and selling Lynx box sets I wonder how much of B&M's stock is made anywhere other than China?
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#7 |
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Join Date: Apr 2010
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Quote:
Retailer of cheap tat sells lots of cheap tat in run up to period where people give cheap tat to each other. People on poor wages (such as those employed by B&M, well, except the top brass) can only afford cheap tat anyway.
This is the future of Britain - buying and selling Lynx box sets I wonder how much of B&M's stock is made anywhere other than China?
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#8 |
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Join Date: May 2008
Location: Lancashire
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Quote:
Retailer of cheap tat sells lots of cheap tat in run up to period where people give cheap tat to each other. People on poor wages (such as those employed by B&M, well, except the top brass) can only afford cheap tat anyway.
This is the future of Britain - buying and selling Lynx box sets I wonder how much of B&M's stock is made anywhere other than China? |
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#9 |
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Join Date: Oct 2004
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Now let me see... shopping for a computer corded mouse, in the 'bigger' named electronic shop anywhere between £6.00 and £12.00, in Poundland you can by 6 or 12 !!mice for the same price? they might be cheap tat, but they work
Sure, it works, but I would rather pay a bit more and avoid RSI/carpal tunnel |
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#10 |
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Join Date: Apr 2010
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As a "metropolitian elitist" remainer (who was born and grew up in rurality) I prefer to buy quality. My trackball cost £50.
Sure, it works, but I would rather pay a bit more and avoid RSI/carpal tunnel Some can't afford to spend a lot. Should they do without altogether because you can afford to look down your nose at them? |
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#11 |
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Join Date: Oct 2004
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Who's stopping you?
Some can't afford to spend a lot. Should they do without altogether because you can afford to look down your nose at them? Not going to be many well paid jobs involved in selling mice for a pound each... |
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#12 |
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It's due to them doing the opposite of whatever Next are doing.
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#13 |
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Join Date: Nov 2003
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oh god more British people spending money in cheap stores, good for store management I guess, but it does not paint a good picture of Britain, only the deluded, would see the rise of B&M, Poundland and similar stores, at the same time as the fall of better quality stores like Next, as a good thing.
I would not be shocked if those deluded souls are Brexiteers, but I would not like to say. |
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#14 |
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It's due to them doing the opposite of whatever Next are doing.
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#15 |
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I hear Matalan are waiving the £1 membership fee for Brexiters.
Very silly in my view. They'll lose all their class. |
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#16 |
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Join Date: Jun 2007
Location: 🇬🇧
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I hear Matalan are waiving the £1 membership fee for Brexiters.
Very silly in my view. They'll lose all their class.
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#17 |
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Join Date: Sep 2003
Location: Devon
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I hear Matalan are waiving the £1 membership fee for Brexiters.
Very silly in my view. They'll lose all their class. |
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#18 |
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Join Date: Oct 2006
Posts: 5,158
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oh god more British people spending money in cheap stores, good for store management I guess, but it does not paint a good picture of Britain, only the deluded, would see the rise of B&M, Poundland and similar stores, at the same time as the fall of better quality stores like Next, as a good thing.
I would not be shocked if those deluded souls are Brexiteers, but I would not like to say. As for Next I was bought a pair of slippers a couple of years ago as a present they lasted just a few months and cost stupid money. Apart from B and M do you include cheap stores like Aldi and Lidl? |
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#19 |
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Join Date: Dec 2011
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Ah but is it due to Brexit, or the falling pound?
There's a big divergence between the usual British stalwarts such as M&S, Tesco, WH Smith etc and the cheap retailers such as B&M, Aldi and Lidl. The profit warnings of companies such as Next, and the retraction of M&S are indicators of a shift in consumer purchasing. As more people feel the pinch they are moving to low cost retailers. The impact of this will be seen in the long term effect it has. |
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#20 |
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Join Date: Nov 2003
Location: nr Peterborough, England
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Quote:
Apart from B and M do you include cheap stores like Aldi and Lidl?
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#21 |
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Join Date: Jan 2003
Location: London SW6
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Quote:
The company reported total group revenue of 789.1 million pounds for the quarter, up 20.5 percent in constant currency, including a 7.2 percent rise in UK like-for-like revenue.
http://uk.mobile.reuters.com/article/idUKKBN14O0JN Nice to have some positive posts on here to comment on instead of the usual doom & gloom posters taking over the show. |
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#22 |
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Join Date: Mar 2015
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Quote:
It is partially due to Brexit.
There's a big divergence between the usual British stalwarts such as M&S, Tesco, WH Smith etc and the cheap retailers such as B&M, Aldi and Lidl. The profit warnings of companies such as Next, and the retraction of M&S are indicators of a shift in consumer purchasing. As more people feel the pinch they are moving to low cost retailers. The impact of this will be seen in the long term effect it has. |
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#23 |
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Join Date: Nov 2003
Location: nr Peterborough, England
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I think part of the problem for clothes, is that the weather is not changing all that much, meaning less need for clothing specific to a wardrobe/season
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#24 |
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Join Date: Nov 2007
Location: Kent
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Quote:
Whilst it's nice to see the news isn't all bad where do you get "sending warmth around the city" from? All I saw was "Its strong showing contrasted sharply with a disappointing performance by clothing retailer Next (NXT.L) that highlighted "exceptional" levels of uncertainty in the sector."
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#25 |
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Join Date: Jan 2003
Location: London SW6
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I think it was just to contrast the thread on Next sending a chill around the city. It wasn't a direct quote.
That's not because the City are pro EU btw. |
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