BUS6057: Business Process And Systems

99 views 8:08 am 0 Comments September 27, 2023

“Since its inception in 1978, B&M has been an enduring force in shaping the UK retail landscape with its traditional ‘brick-and-mortar’ approach. Renowned for its commitment to delivering value-driven offerings, the company has cultivated a reputation that transcends mere products, embracing environmental responsibility and a shared vision of achieving a NetZero future.

Even in the face of challenging lockdown periods, B&M has exhibited resilience, positioning itself at the intersection of conventional economic stability and an emerging ecological consciousness. Operating a sprawling network of 700 physical stores across the nation, B&M has firmly established itself in the hearts of UK shoppers by providing a blend of quality and affordability through its in-person shopping experience.

However, the company’s allegiance to this traditional approach has gradually evolved, incorporating sustainability and environmental awareness as core pillars in its growth trajectory. In the latest fiscal year ending on March 25, 2023, B&M revealed a 17% dip in pre-tax profits amounting to £436 million. Surprisingly, though, the company managed to achieve a 6.6% increase in sales, totaling £4.98 billion. Notably, these figures exceeded pre-pandemic levels by an impressive margin of 30.7%.

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