McColl's Retail Group news

09 May 2022
Supermarket retailer Morrisons has agreed a deal with administrators to acquire McColl’s Retail Group following a failed attempt to prevent the convenience chain collapsing last week.  Having tabled an improved offer over the weekend Morrisons will now acquire McColl's as a going concern including all 1,165 McColl's stores.  Morrisons has become increasingly involved with the McColl’s business in...
25 April 2022
Providing a further update on its performance following the statement at the end of February, convenience retailer McColl’s has characterised its subsequent trajectory as ‘mixed’. After continued stronger trading in the the first half of March, it reports that business performance then weakened through the Easter period, impacted by reduced consumer spending and continued supply chain disruption ...
24 March 2022
Major convenience retailer McColl’s Retail Group has announced that Jonathan Miller, who has led the company since 2016, has stepped down as chief executive with immediate effect. Pending the appointment of a replacement, Chairman Angus Porter will take on the role of executive chairman, while Chief Operating Officer, Karen Bird will take on the role of interim chief executive to cover day-to-day...
28 February 2022
UK neighbourhood retailer, McColl’s has provided an update on the performance of its business over the first 11 weeks of its 2021/22 financial year (to 13 February). It indicates the availability issues seen in 2021 have seen a tangible improvement, but that the impact of Omicron saw a drop-off in footfall over the Christmas period, and that while demand is now recovering, revenues are current...
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...