Home   News   Article

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, which has a store at the Beehive Centre in Cambridge, has announced it is closing 49 stores nationwide(33039232)
B&M, which has a store at the Beehive Centre in Cambridge, has announced it is closing 49 stores nationwide(33039232)

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.”

Read more:

Addenbrooke’s Hospital ‘considers emergency expansion plan’ for coronavirus peak

Pictures and video show two huge blazes in East Cambridgeshire



More by this author



This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More