B&M to open 45 new homewares stores as annual profits double

FTSE newcomer enjoys sales rise of 26% and says it will also open 15 new Heron Food outlets

The cut-price retailer B&M is aiming to step up expansion after more than doubling profits last year with sales of DIY kit, gardening items and homeware booming as its stores remained open throughout lockdown.

Sales at its established UK stores rose 30% in the year to 27 March, helping to boost pretax profit 108% to £525.4m.

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