B&M Retail to create 500 new jobs in Runcorn & Cheshire as part of warehouse plans
Speke based discount stores group B&M Retail is creating 500 new jobs at two new warehouse sites in the region.
The fast growing stockmarket quoted business has taken leases on two new distribution centres at Runcorn and Middlewich in Cheshire.
The Runcorn facility is 350,000 sq ft, while Middlewich is 460,000 sq ft. The estimated 500 new jobs are on top of those being transferred to Runcorn and Middlewich from other B&M distribution centres in the region.
B&M, which sells toys, housewares, furniture, garden products and food, currently has 444 UK stores and reported an increase in group sales of 29.5% to £1.6bn for the last financial year. It also floated on the London Stock Exchange last year and currently has a market capitalisation of in excess of £3bn.
Liverpool-born former Tesco chief executive Sir Terry Leahy is the group’s chairman. Its head office is based at Speke’s Estuary Commerce Park.
Commenting on the distribution warehouse deals, B&M’s chief executive, Simon Arora, said: “We believe we are the UK’s leading variety retailer. To provide our shoppers with exceptional value, we must have a highly efficient supply chain infrastructure in place.
“The new distribution warehouses are essential to achieving that objective.”
Yorkshire law firm Gordons advised B&M on the leases for its new Runcorn and Middlewich sites.