McColl's Has Been Slow To Adapt To Changing Retail Trends, Says Analyst
A leading retail analyst has said that convenience store chain McColl's Retail Group has been "slow to adapt" to a retail industry that is increasingly embracing online and foodservice.
Thomas Brereton of GlobalData was commenting following the publication of McColl's preliminary full-year results, in which the business saw total revenue down 1.8% to £1.22 billion (€1.43 billion), as a result of store closures and divestments.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!