McColl's Retail Group news

08 December 2021
Convenience retailer McColl’s Retail Group has issued a trading statement for the full 52-weeks of its financial year to 28 November 2021, reporting overall sales down 11.2% to £1.11bn. Over the year performance has been impacted both by the planned closure of 100 stores and a string of supply chain issues that have affected availability in a range of product categories in the second half of the ...
30 November 2021
Major UK convenience retailer McColl’s Retail Group has announced that its ongoing programme of converting stores into the Morrisons Daily format, franchised from national supermarket operator Morrisons, will be extended even further than hitherto planned. Having already set a target for 350 Morrisons Daily stores, McColl’s now intends to add a further 100 to that number, aiming to reach 450 stor...
17 November 2021
In a Q4 trading update, before the end of its full year 2020/21 at the end of November, major UK convenience retailer McColl’s has flagged that its 52-week performance will not reach management forecasts due to the ongoing supply chain disruption currently affecting store sales. Rather than improving in H2 as hoped, McColl’s reports that the impacts of driver shortages and insufficient product su...
13 October 2021
UK convenience retailer McColl’s has announced the conversion of its 100 th store to the Morrisons Daily franchise format, as it aims to extend the roll-out to 350 stores by the end of the next financial year in November 2022. Having converted 69 stores so far in 2021, averaging around two stores a-week, McColl’s has successfully converted as many as six in a seven-day period. It will now nee...
13 August 2021
Despite a decline in total revenue of 5.3%, driven by planned store closures, major convenience retailer McColl’s has reported like-for-like sales up 1.0% in the six months to 30 May 2021. Benefiting from continuing lockdown impacts favouring local shopping McColl’s, has achieved growth-on-growth through the two pandemic years, with 2021 sales 7.4% higher than the equivalent period in 2019, on a ...
11 May 2021
Morrisons has revealed robust trading for the Q1 period, the first retailer to release trade figures that annualise against the start of the pandemic. The retailer has also announced a number of initiatives to sustain the momentum including a new loyalty scheme. A robust quarter Group LFL sales for the 14 weeks to May 9 th were up 2.7%. Total sales ex fuel were up 3.3% including a 0.5% con...
24 March 2021
Major UK convenience retailer McColl’s has announced its full-year results for 2020 and updated on its strategy to maintain business momentum going-forward. It’s no surprise that the announcement confirms that 2020 provided exceptional conditions for retailers focused on trading in local, neighbourhood locations within easy reach of big groups of house-bound residents.  But what does the exper...
01 March 2021
Major UK convenience retailer, McColl’s has announced that it has extended its wholesale agreement with Morrisons, which will see the national supermarket operator supply the entire McColl’s store portfolio (currently over 1,200 stores) with full a range of products until January 2027. As part of the extended agreement McColl’s will increase the number of its stores trading under the Morrisons...
15 December 2020
Following a year-long trial, major UK convenience retailer McColl’s has announced that it is to extend its delivery partnership with Uber Eats to 400 stores by the end of March 2021.  With the service customers will be able to order from a range of 500 convenience products including groceries, soft drinks, confectionery, snacks, beer, wine, toiletries and household goods, all for delivery in as l...
10 December 2020
Major UK convenience retailer, McColl’s has announced a trading update for its full year (53 weeks) to 29 November 2020.  Boosted by a strong local focus amongst UK shoppers through the pandemic episode, McColl’s community-based store estate has benefited since March from strong sales in alcohol, fresh food and tobacco, driving a 12% like-for-like uplift for the business.  Though moderating sligh...