14th Jan 2016 09:06
LONDON (Alliance News) - McColl's Retail Group PLC on Thursday reported growth in sales during its Christmas period, as it achieved record sales on Christmas Day and continued with its store expansion programme.
The convenience store retailer said total sales in the six weeks to January 10 grew 3.3% year-on-year, fulled by its ongoing convenience store expansion programme.
Like-for-like sales fell 0.7% in the period from the same period the year before, but this was an improvement of 1.1% on the fourth quarter of financial year 2015, which ended on November 29. Like-for-like sales were down 1.8% year-on-year in that fourth quarter.
McColl's also achieved a record Christmas Day sales performance, serving over 130,000 customers, it said.
"I am encouraged by our trading performance over Christmas and New Year. Our strong sales have been driven by the continued focus on premium convenience stores, with the food-to-go offering going from strength to strength," Chief Executive James Lancaster said in a statement.
Shares in McColl's were trading down 0.2% at 137.00 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Mccoll's