Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

McColl's Like-For-Like Sales Fall As P&H Bankruptcy Still Hurts

British convenience retailer McColl's Retail Group Plc posted on Tuesday lower like-for-like sales in the third quarter and said the collapse of cigarette wholesaler Palmer & Harvey (P&H) last year continued to disrupt its supply chain.

Like-for-like sales fell 0.9% for the 13 weeks ended 26 August at McColl's, which trades from about 1,600 convenience stores and newsagents in Britain. Total revenue rose 0.6% in the quarter.

New Partnership

McColl's, which had entered a new supply partnership with WM Morrison Supermarkets to supply tobacco to stores hit by the P&H bankruptcy, said transition of 1,300 stores to the new supplier had been completed ahead of schedule.

"With our new supply chain partner in place, we can refocus on day-to-day operations, including improving availability and rebuilding trade in those stores most affected by the disruption," Chief Executive Officer Jonathan Miller said on Tuesday.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days