McColl’s reports good start

MCCOLL’S has got off to a good start as a PLC, with like-for-like sales up 1.4% over the first quarter. Total sales were up 3%.

The group added 10 new premium convenience stores and upgraded 93 standard stores into its premium offering. That involved increasing the grocery range, focusing on chilled and fresh foods.
Eleven of McColl’s newsagents became food and wine stores, adding a small range of groceries and alcohol. Four underperforming stores closed.
McColl’s now has 725 convenience stores – that’s 56% of its estate.
CEO, James Lancaster, commented: “We are pleased with how life as a public company has begun.”