McColl’s is a neighbourhood retailer operating more than 1,550 convenience stores across England, Scotland and Wales.
McColl’s convenience stores and Martin’s newsagents (or RS McColl in Scotland) are mostly located close to residential areas, in neighbourhoods and villages, serving customers in the local community.
McColl’s sells everyday fresh food and groceries, and offers additional services such as ATMs and post offices.
Convenience store chain McColl’s has teamed up with Deliveroo to offer home delivery of its goods to give vulnerable customers access to daily essentials.
The chief executive of McColl’s has said the convenience store group will look to shut as many as 330 stores over the next three or four years as it seeks to rationalise its store estate as part of its strategic shift.
Struggling convenience store group McColl’s has posted declining profits and sales figures and confirmed it is in discussion with lending banks about a new debt facility.
McColl’s has issued a profit warning for the year, blaming “softer market conditions” in the second half of the year on unseasonable weather and low consumer confidence.
McColl’s has suffered a fall in third-quarter sales, which it blamed on a “highly unseasonable summer” and “ongoing macroeconomic uncertainty”.
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