B&M unveils turnaround strategy amid weak UK sales

Discount retailer B&M has stated that its 2025 annual profits will be lower after slump in UK sales, and announced a turnaround plan focused on cutting prices. Described as a decisive move, the Back to B&M Basics turnaround strategy includes cutting prices on key value items. The plan also includes rebooting its "manager’s specials promotions" offer, slimming and refocusing ranges, and enhancing on-shelf availability. These actions may take up to 18 months to take effect. B&M anticipates the plan will ...