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McColl's Retail Group PLC - Essex-based convenience store retailer - Opens 100th Morrisons Daily store two months ahead of schedule in Ellesmere Port, Cheshire.
In August, raised GBP30 million to boost its partnership with Wm Morrison Supermarkets PLC. Working ahead of targets set at capital raise, has "proven capability to implement six store conversions per week". Expects to be operating 350 Morrisons Daily stores across its total estate of around 1,200 stores by November 2022.
"We are extremely excited to reach the milestone of 100 Morrisons Daily stores. We are redefining neighbourhood retail in the communities we serve, putting us in the best possible position to meet customer demand in the future," says McColl's Chief Executive Jonathan Miller. "Alongside an enhanced customer offer, we have a proven store conversion blueprint that offers a strong return on investment, delivering double-digit sales uplifts and rapid payback."
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By Josie O'Brien; josieobrien@alliancenews.com
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