B&M European has reported a boost in trading figures but higher costs. Strong growth was generated in the first eight weeks of the new financial year with a 22.7 per cent increase driven primarily from DIY and gardening categories. However, it confirmed that the UK business was experiencing higher than normal operating costs in distribution and in its stores resulting from social distancing measures as well as the payment of premium wage rates during the Covid-19 period.
B&M CEO Simon Arora said: “We have encountered exceptionally strong demand in our UK business over recent weeks. Customers have been coming to our stores much less frequently through lockdown, but their average spend has been much higher than normal. I would like to thank them for their patience and consideration in observing social distancing inside and outside our stores during this period.”
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