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McColl’s still feeling the pain from supplier collapse as full-year profit misses expectations

Shares in convenience stores operator McColl’s Retail (MCLS) have taken a beating after missing full-year profit expectations and reporting a weak start to the new financial year, falling 4.6% to 237.5p. The company has warned about a continuation of supply distributions following the collapse of wholesaler Palmer & Harvey. Group like-for-like sales have fallen by 2.2% in the first 11 ...

Tesco could go head-to-head with Aldi and Lidl on price, claims media report

Britain’s biggest retailer Tesco (TSCO) is considering a separate discount brand that would match rivals Aldi and Lidl on price and sport a more limited range than its main stores at a time when UK shoppers are finding life tough. That’s according to an article in The Sunday Times. The BRC-KPMG Retail Sales Monitor showed like-for-like UK retail sales creeping 0.6% higher in January. Food ...
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