B&M 9 new superstores throughout UK with 4 opening ‘inside weeks’ – full checklist
Budget retail giant B&M is expanding with four new stores launching in England, Scotland and Northern Ireland after opening a number recently
(Image: Getty Images)
A discount retail giant has revealed the locations of four new superstores poised to launch across the UK in the coming month. The thriving budget chain B&M has confirmed it will press ahead with its nationwide expansion through new outlets opening in England, Scotland and Northern Ireland over the next month.
This news will delight cost-conscious shoppers, as the latest wave of B&M openings will allow them to snap up their favourite discounted products, from beauty items to gardening tools and Easter treats.
The first shop is due to open in Diss, Norfolk, on Saturday, February 28. The remaining three launches, spread across England, Scotland and Northern Ireland, will all begin within a week during March.
A branch in Strabane, County Tyrone, is set to open on Friday, March 20. The day after, another store opens in Fort William, Inverness-shire on Saturday, March 21.
New stores announced with dates
- Diss 37-38 Mere Street, Diss – February 28
- Main Street, Strabane, County Tyrone – March 20
- North Road Retail Park, Fort William – March 21
- Sturlas Way, Waltham Cross, Herts – March 27
The chain has also opened five stores recently:
- Durham Road Retail Park, North Moor Road, Sunderland
- Vale Retail Park, Vale Park Drive, Aylesbury
- East Street, Taunton
- Hill Street Shopping Centre, Middlesbrough
- Buchan Way, Peterhead
Over 35% of items within these collections experienced price cuts, with an average reduction of 1.8%. Last month B&M issued another profit warning following declining sales and price slashing as it presses ahead with restructuring initiatives.
The retailer revealed UK like-for-like sales dropped 0.6% during the crucial quarter ending December 27, though it witnessed a promising 3% increase in December and confirmed growth had persisted into January.
The company reduced its full-year underlying earnings forecast for the third occasion since last October, to between £440 million and £475 million, down from previous guidance of £470 million to £520 million. This would represent a substantial decline from the £620 million underlying earnings recorded for the year ending March 29 2025.
B&M stated: “The downward movement in range is driven by ongoing investments in pricing and clearance, improvements in stock quality and the financial underperformance of Heron Foods, where we continue to review and reposition our customer offer.”
Heron Foods sales declined 0.1% during the most recent quarter. B&M revealed it intensified efforts to shift surplus stock through substantial markdowns and remained “confident the actions we are taking can restore sustainable like-for-like growth at B&M UK over the next 12 to 18 months”.
The group’s “back to basics” strategy unveiled last October has witnessed it enhance its pricing proposition, including cost cuts right across the range, whilst it has also substantially trimmed its product selection in multiple categories as part of efforts to streamline operations and slash expenses.
Alongside trading difficulties, it was also hit last October by an accounting error after it failed to correctly record an additional £7 million in international freight charges, which forced it to lower annual profit forecasts.
The group revealed in January its probe into the matter was now finished, stating the “implementation of the report’s recommendations on specific IT and financial operational processes is under way”.
Tjeerd Jegen, who was named chief executive last year, said: “As we progress ‘Back to B&M Basics’, we are identifying opportunities to make deeper investments in clearing discontinued lines.
“As with our pricing actions, these are investments in the long-term strength of B&M, but they do impact near-term financial performance.
“As a result, we are revising our full-year guidance downwards to reflect these actions and the financial underperformance at Heron.”
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