Member Info for muzmanoz

In the previous results call the ceo talked about funding the "investment" in fmcg price from price increases in brown box (general merchandise). Because the brown box goods mainly use packaging pre-printed with prices there is a 12-18 month lag effect.

To be clear, i meant less than the market and less than the supervisors expectation set by precedent.

The national minimum wage is the floor. This action is saving 0.93% of the supervisors wage bill. It seems a small amount to risk productivity and staff turnover. Surely back 2 basics is looking for a better improvement in product turnover and efficiency savings.

Yep, minimum wage increases and probably more so employers national insurance has been a big hit. I guess my point is if your competitive advantage is paying your employees less then you really don't have a competitive advantage and you'll struggle to retain decent staff. To me, B&m's competitive advantage lay in logistics, adaptability and negotiating highly competitive lease deals. That last part seemed to die post Aroras when the new store opening target was set.

I'm not expecting great news next week but hopefully green shoots in terms of stock turnover. Another 6 to 12 months and price increases in brown box departments will start to come through (as these prices are pre-printed).

Not sure what to think about this.

Customer assistants get paid minimum wage. Supervisors have, for a while, been paid minimum wage plus 30p. This year bandm have changed the supervisors wage to minimum wage plus 18p without notice. It would seem an odd fight to pick if they are doing well.

Bank holiday weather will have been great for sales though.

https://www.thesun.co.uk/money/39113570/bm-managers-threatening-strike-hourly-pay-gap/

If I’m understanding your figures correctly, that would mean you were running a short position of over £250,000 on Warpaint?

Shorts are still faily high here which is slightly unsettling.

The new ellsmere port distribition centre opened in Feb. Found this post/video. It will help with stock availability/delivery and reduce costs. https://www.linkedin.com/posts/b-m-retail-limited_our-new-imports-centre-in-ellesmere-port-activity-7427009621720109057-VIFy

But looks like wallyeye got rid of it's short. First signs of a crack in the shorting?

B&M European Value Retail PLC Walleye Capital LLC 0.00% -1.01% 30 Mar 2026

B&M European Value Retail PLC Squarepoint Ops LLC 0.99% -0.10% 30 Mar 2026

Did you just post it for the title? What does this even mean?

"With the share price then trading at below $15, it took little more than that for highly persuasive incentives to jump on the opportunity to flourish throughout the hedge fund community."

That article is almost as embarrasing as your understading of the business ace

Https://www.jet2plc.com/en/financial-calendar

So I'll bite. New lines to your local store don't mean new lines to the company. The ceo said they are rolling out their 250 best sellers to each store now. They may shorterm be playing catchup with the levels of stock and logistics needed as well as trying to get change of season items in store. The top 250 lines space shelf is now left clear when there is no stock as an indicator to increase stock triggers. They're also clearing all old stock.

They get new items in each season, especially garden. Non fmcg packaging is pre-printed with the price. Often when the price is changed the item gets a new product code.

It looks like a recording hasn't been made available. Quick google found this transcript. I haven't read it yet .

https://finance.yahoo.com/quote/BMRPF/earnings/BMRPF-Q3-2026-earnings_call-535673.html

On the investor call, the ceo thought there was improved margin to be had on brown box products (non fmcg). This is obviously ordered in advance and comes pre-priced as the price is printed on the packaging. A lot of this stock is seasonal so it may take a season cycle for price changes to be printed and improve margin on this stock.

CEO also said that they have now rolled out the top 250 best selling lines to all stores (previously 150 stores). This has seen double digit increase in sales across these lines. Previously if there was a shortage of one of these products the gap on the shelf would be faced over with other products. If theres a gap it will now be left to indicate that stock triggers./orders should be increased. He said this was common retail practice but wasn't at bandm. More top selling lines will be expanded to all stores after the top 250 trial.

CEO also said they are leveraging a lot more data now. Seem to be some easyish wins they are putting in place.

Ffs, yep we'll listen to your analysis of one store in almost 800 that you "recently" went to.

I'm certain that on the call the ceo said there had been improved sell through and pick up on fmcg as a result of their price reduction (benchmarking against competitors) and expaning their top 250 product lines to all stores). I don't know why a recording isn't available or why they didn't prepare a presentation deck.

Beo 1. On the investor call the ceo said that a good number of recommendations had been made by EY a lot of which have been implemented. He said it covered 1) formalising policies, standardising IT change, 2) stronger cross functional business partnering (I think this means stoping people working in silos withh better communication, and 3) improved segregation of duties. Implementing the changes has required no significant cap ex or expenditure.

TTsalaz, in the investors call the ceo mentioned your point about xmas confectionary and quality street tins. He said that this season they had started benchmarking the christmas confectionary prices against competitiors. They'd noticed a bit of a price war going on for tins of quality street, particularly between the grocery discounter and had needed to lower prices in response. Found it amusing that you'd picked up on it and it was brought up.

Thought the investor call was good. This management seem to have a purpose and know what they are doing. Interesting that Heron 's clearance model is under threat from better sales forecasting from suppliers forcing them to take on more of a pure discounter role. Maybe this means Heron might be disposed of.

Fwiw, I don't believe these results will show signs of a turnaroud because although they've cut prices I don't beleive they've got the volume and availability they need yet on their top selling lines. If you go in store you can see what the best selling lines are.

ttsalaz thats exactly what you did. offering observations about one store in a chain of over 700. i was taking the **** out of you. i must have missed the reasoning and detailed arguments in your posts. my comments based on fact.

Most of what you post is garbage. You've used an example of one store. My local store's sales are strongly up on last year. There is a separate christmas pet section. Maybe you just didn't look. The back to basics plan is about cutting fmcg prices and increasing availability of top selling lines. They are doing that. They pre order xmas stock. So when there are shelves full of plastic storage it means they've sold it like they do every year. They also sell a lot of plastic storage. It's mainly used as filler between seasonal lines whilst stock is received.