Britain's B&M shuts 49 UK stores due to coronavirus outbreak
(Reuters) - British discount retailer B&M European Value Retail <BMEB.L> said on Wednesday it will temporarily shut 49 UK stores as the coronavirus pandemic affects its business.
The stores represent 3% and 2% of the company's annual revenue and store contribution core earnings, B&M said.
The company said employees at the affected stores were furloughed and other UK store and distribution workers will be paid 10% more to reflect the additional workload that the government guidelines impose.
(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Ramakrishnan M.)