McColl’s like-for-likes still hurt by Palmer & Harvey collapse

McColl's update

McColl’s has posted lower like-for-like sales in its third quarter and said the collapse of wholesaler Palmer & Harvey last year continued to disrupt its supply chain.

Like-for-like sales fell 0.9 per cent for the 13 weeks ended August 26 at the retail group, which trades from about 1600 convenience stores and newsagents across the UK.

Meanwhile, revenue rose 0.6 per cent in the third quarter, which was boosted by the acquisition of new stores.

On a year-to-date basis, reported revenue had risen 12 per cent.

A transition to Morrisons supply in 1300 stores was completed in mid-August, ahead of an original schedule.

“The accelerated rollout of 1300 stores to Morrisons supply is now complete, including all 700 stores formerly serviced by Palmer & Harvey,’ chief executive Jonathan Miller said.

“The rapid rate of transition has been a fantastic achievement, being delivered in less than nine months, and in the face of unprecedented disruption in the sector and for our business.

“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.”

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