Business StrategyThe plan to fix B&M's basics looks sensible enough, and the group's FMCG pricing position has improved notably.
Leadership And StrategyThe new CEO is optimistic about restoring sustainably positive UK LFLs and achieving low double-digit UK aEBITDA margins in the medium term.
Operational ImprovementsActions are being taken to improve performance: 1) lowering prices on 35% of FMCG KVIs by an average of 1.8%, 2) adding excitement to 'Managers Special' promos, 3) reducing SKUs and clearing discontinued ranges, and 4) improving availability that is below benchmarks.