Skip to content
Search
AI Powered
Latest Stories

McColl's on to recovery from shortages crisis but issue remains 'major constraint'

Convenience store chain McColl’s has said it is seeing signs of a recovery from supply chain disruption, but warned over an ongoing hit to sales saying product shortages still remain a “major constraint” on trading.

Delivering the update on a "tough year" of trading due to Covid-19 restrictions and supply chain challenges, McColl's revealed that the disruption took its toll on annual sales, as they fell 11 per cent to £1.11bn for the year to 28 November.


“Working with our wholesale partner Morrisons, we have taken steps to improve availability in our stores,” said the group which has 1,1965 stores across the country.

“With these measures we are seeing early signs of recovery, but we expect revenues to continue to be affected as we start the new financial year.”

Although businesses across the globe are grappling with supply shortages as economies reopen after pandemic curbs, Britain is also coping with a lack of workers in key roles such as HGV driving and food processing.

Jonathan Miller, chief executive of McColl’s, said it had “undoubtedly been a tough year for the business, starting with the impact of Covid-19 restrictions and ending with the widely reported and ongoing supply chain challenges”.

“Although we have been able to partly mitigate these external factors, they have still had a significant impact on underlying trading,” he said.

Despite the challenges, McColl's said it had made significant strategic progress with its Morrisons Daily roll-out.

A total of 185 Morrisons Daily stores are trading at year-end, ahead of schedule, with 154 conversions completed during the financial year. An increased target of Morrisons Daily conversions from 350 to 450 stores is in place for the end of the next financial year, with the potential to further increase stores being explored across all store sizes.

More for you

East of England Co-op achieves 70 per cent productivity boost with Electronic Shelf Labels

East of England Co-op achieves 70 per cent productivity boost with Electronic Shelf Labels

East of England Co-op said it has improved labour productivity whilst improving customer service delivery in-store with an Electronic Shelf Label (ESL) solution from Pricer, the leading in-store automation and communication solutions provider.

Established in 1861, East of England Co-op is now the largest independent retailer operating in the East of England. In addition to the 120 food stores it operates in the region, the regional cooperative also offers customers specialist services, such as funerals, security, travel agents and petrol filling stations across Essex, Suffolk, Norfolk, Cambridgeshire and Hertfordshire.

Keep ReadingShow less
PayPoint

PayPoint delivers strong half-year results; retail network crosses 30,000 sites

PayPoint Plc has on Thursday has announced a robust financial performance for the half year ending 30 September, making continued progress towards achieving an underlying EBITDA of £100 million by the end of FY26.

The company’s UK retail network increased to 30,151 sites during the period, from 29,149 at the end of the previous fiscal year. 70 per cent of these are independent retailers, and the rest in multiple retail groups.

Keep ReadingShow less
Johnson & Johnson office

Johnson & Johnson office in Irvine, California

Photo by Mario Tama/Getty Images

Johnson & Johnson risks UK lawsuit over talc cancer claim

UK claimants announced Wednesday legal action against US pharmaceutical and cosmetics giant Johnson & Johnson, alleging that women diagnosed with cancers were exposed to asbestos in the company's talcum powder.

J&J risks UK court action for the first time over the allegations, having faced a series of similar lawsuits in North America.

Keep ReadingShow less
Glebe Farm Foods: 'best-in-class' for Food Safety Standards

Glebe Farm Foods: 'best-in-class' for Food Safety Standards

Glebe Farm Foods has announced that its site has been awarded AA+ grade following the recent unannounced audit against the BRCGS V9 standard.

The BRCGS Global Food Safety Standard is a globally recognised certification program designed to ensure the safety, quality, legality and authenticity of food products. This was the first unannounced audit for the site and included all the production facilities; de-hulling, flaking and flour, oat drink manufacturing and Tetrapak filling, and new to the scope was the manufacturing and packing of Granola.

Keep ReadingShow less
InPost launches Locker Shops in key urban areas

InPost launches Locker Shops in key urban areas

InPost, the leading provider of parcel locker solutions, has announced the next phase in its rapid expansion with the opening of new Locker Shops in key urban areas. Following the success of its first Locker Shop in Camden, InPost is accelerating its Locker Shop opening programme and targeting hyper urban areas where there is huge demand for its lockers to provide greater access to its parcel locker network.

Kicking off with new locations in London, including Liverpool Street and London Bridge in 2024, as well as Manchester and further London locations from 2025 as part of a strategic rollout.

Keep ReadingShow less