Retailer B&M to temporarily close 49 stores
A bargain retailer has announced to temporarily close nearly 50 of its stores during the coronavirus outbreak.
B&M Bargains has 656 stores across the UK, including one at the Beehive Centre in Cambridge, and will be closing 49 of them after a review of its finances.
Though the discounter has not specified which stores are to shut, staff in the ones closing will see up to 80% of their wages covered by the Government’s Coronavirus Job Retention Scheme.
B&M did confirm, however, that stores closing their doors would include a number of smaller outlets and ones located in shopping centres.
It added 42 of the 49 stores due to shut are close to other larger B&M stores.
The retailer has been allowed to continue trading under Government guidelines as an essential store, but said it took the decision after reviewing its finances for the last quarter.
A statement released by the company said: “We will review the trading patterns on an on-going basis and intend to re-open those stores as soon as normal shopping patterns resume.”
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