Daily Newsletter

10 October 2023

Daily Newsletter

10 October 2023

New B&M store opens in Newbury

The store was officially opened in collaboration with Newbury Soup Kitchen, a volunteer organisation committed to offering local support.

Luke Martin October 09 2023

B&M has opened its new store on London Road in Newbury, Berkshire.

After taking over three units (formerly Pets at Home, Topps Tiles and Lidl) and a comprehensive refurbishment programme, the store officially opened on 7 October.

The store will offer local residents an extensive range of affordable products including groceries, homeware and DIY equipment, toiletries, health & beauty products, and toys, catering to a wide array of consumer needs.

This move not only enriches the retail landscape for Newbury residents but also contributes to the local economy by generating 75 job opportunities.

“We’re feeling extremely positive about the creation of more jobs for local people, and we hope customers are going to be delighted with their new store,” said the store’s manager.

In a community-driven effort, B&M staff were asked to nominate a local charity to officially unveil the store. They chose Newbury Soup Kitchen, recognised for their commendable community service.

Newbury Soup Kitchen is a voluntary organisation which provides help to those who need support, including the homeless, rough sleepers and vulnerable individuals. It provides hot food, offers a weekly outreach service and access to a community nurse.

Ecommerce market dynamics

Per GlobalData, the ecommerce market was valued at $5.9 trillion in 2022 and is expected to grow at a CAGR of >9% by 2027. The emergence of ecommerce has made it imperative that companies understand consumer behavior, deliver personalized service, and offer competitive pricing models. Ecommerce giants like Alibaba and Amazon dominate the space, supported by huge customer bases, robust mobile payment platforms, and technology expertise in areas like AI. Smaller players focus on disruptive business models, such as subscription services, to make their mark.

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