Scotland business

McColl's sees dip in like-for-like sales

McColl's store Image copyright McColl's

Convenience store chain McColl's has reported a dip in like-for-like sales as it continues an expansion drive across the UK.

The group, which operates dozens of stores in Scotland, said total revenue rose year-on-year by 1.8% in the last quarter.

But like-for-like sales were down by 1.8%.

McColl's said sales "held up better" in its food and wine and premium stores than in standard shops and newsagents.

The company acquired 36 new stores during the third quarter, bringing its portfolio to 953.

It said it remained on track to achieve a target of 1,000 convenience stores by the end of the year.

McColl's recently agreed to buy nearly 300 shops from the Co-op as part of its "convenience strategy".

Chief executive Jonathan Miller said the group was "making good progress" with its preparations for taking over the Co-op stores.

He added: "As a business we remain focused on the key elements of our clear strategy: to increase market share, grow our convenience product range and deliver great customer service, which we are confident will cement our position as a leading neighbourhood retailer."

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