Morrisons is to close more than 130 McColl’s stores, leaving 1,300 jobs hanging in the balance.
The supermarket giant, which bought McColl’s out of administration earlier this year, said 132 of McColl’s 1,164 shops were loss-making and had “no realistic prospect of achieving a breakeven position in the medium term”.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.