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B&M Bargains, which has a store in Bury St Edmunds, to temporarily close 49 stores but will not identify which ones




A bargain retailer has announced to temporarily close nearly 50 of its stores during the coronavirus outbreak.

B&M Bargains has 656 stores across the UK, including one in Bury, 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 Bargains will temporarily close 49 stores (33047928)
B&M Bargains will temporarily close 49 stores (33047928)

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.

B&M Bargains, which has been allowed to continue trading under government guidelines, said it made the decision after reviewing its finances for the past quarter.

B&M 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."

This news comes in the wake of Cath Kidston stores announcing that they are in talks to appoint administrators.

The British fashion chain, which has stores in Canterbury, Ashford and Dartford had been seeking a buyer for the past two weeks.

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