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B&M sales and profits fall as lower-income consumers miss out on pay rises

Firm also blames ‘challenging UK retail trading environment’ , with shares falling 7% in early tradingOne of Britain’s biggest discount retailers has blamed a slide in sales and profits on lower-income consumers missing out on wage rises.B&M, which issued a profit warning in February, said consumers had been more cautious about their spending over the past year. Continue reading...

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