McColl's

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McColl's Retail Group PLC
TypePublic limited company
LSE: MCLS
IndustryRetailing
Founded1973; 49 years ago (1973)
Headquarters
Brentwood, Essex, England
Number of locations
Approximately 1,550 shops (as of October 2019)[1][2]
Key people
  • Jonathan Miller (Chief Executive)
    Giles David (Chief Financial Officer)
RevenueIncrease £1.24 billion (2018)[3]
Decrease £18.3 million (2018)[3]
SubsidiariesMartin McColl Ltd
Websitemccolls.co.uk

McColl's Retail Group is a British convenience shop and newsagent operator, trading under the trading names Morrisons Daily and McColl's (for convenience stores), Martin's (newsagents and pound shops) and RS McColl for stores in Scotland.[4][5] McColl's also operates post offices in one third of the estate, making them the largest post office operator in the United Kingdom.[6]

In November 1998, RS McColl became part of TM Retail when Forbuoys (a subsidiary of TM Retail) acquired Martin Retail Group, creating Great Britain's largest chain of newsagents. In addition to RS McColl, TM Retail's former trading names include; Forbuoys, Martin's, Dillons (purchased from One Stop Stores Ltd following the takeover by Tesco of parent company T&S Stores),[2] McColl's and More.

In 2006, TM Retail was renamed Martin McColl Limited,[3] after a management buyout. The various stores were then rebranded variously as Martin's (news and variety stores) or McColl's (convenience stores). The only exceptions were the Scottish stores where the RS McColl name was retained. With this re branding, all other names the company operates under were removed, these included Martins the Newsagents, More, Forbuoys and Dillons.

From 2009 to 2010, Martin McColl Limited underwent a multi million pound EPOS refit within their stores, replacing their existing EPOS system with a new multi screen touch screen system. It was hoped this would speed up the transaction process by incorporating Credit/Debit card systems within the EPOS. The multi screen system allows advertising POS to be electronically displayed to customers during the time that they are at the till. By 2011, expansion for the new system had been developed, with the addition of built in PayPoint terminals known as PPOD

During 2012 to 2013, a barcode system was implemented to scan lottery tickets through the till making transactions more accurate and reducing the chances of human error. Martin McColl began another rebrand making the stores more appealing to customers and changed their POS format to go with the new brand. In March 2013, Martin McColl's implemented a company wide change in the colouring of SEL's and POS, opting for 'ivory' SEL strips and a mixture of block coloured red and white POS material.

In August 2013, the group changed its name from Martin McColl Retail Group to McColl's Retail Group.

The company was floated on the stock market in January 2014.[7] In July 2016, wholly owned subsidiary, Martin McColl Ltd, announced it would acquire 298 shops from The Co-operative Group (subject to CMA approval) for £117 million.[8]

Morrisons Daily[]

After having Morrisons' Safeway[9] brand on around 400 product lines in over 1,300 stores since January 2018,[10][11][12] McColl's decided to take the wholesale agreement further by having 350 of their convenience stores rebranded from McColl’s to Morrisons Daily. [13][14] The first rebranded stores were operating at the start of 2021, with the 100th rebranded store opening in Ellesmere Port in October 2021. McColl's hopes to have all of the 350 shops trading under the new format by the end of 2022.[15]

Criticism[]

After a number of robberies in Wirral, including one in which a manager was knocked out, McColl's was fined £150,000, and ordered to pay £78,000 prosecution costs in November 2014, for failing to protect its staff.[16]

References[]

  1. ^ "Neighbourhood convenience". McColl's Corporate website. McColl's. Retrieved 4 October 2019.
  2. ^ "About Us". McColl's. McColl's. Retrieved 4 October 2019.
  3. ^ a b "McColl's Corporate website | Annual Report and Accounts 2020". McColl's.
  4. ^ Addy, Rod. "TM puts c-stores under single McColl's fascia".
  5. ^ "McColl's - Our History".
  6. ^ "McColl's - Did you know?".
  7. ^ Wood, Zoe (27 January 2014). "McColl's top managers in line for £180m fortune from flotation". The Guardian.
  8. ^ "Acquisition of 298 stores from the Co-Op - RNS - London Stock Exchange".
  9. ^ Armstrong, Ashley (August 2017). "Morrisons brings back Safeway in McColls wholesale deal". The Telegraph.
  10. ^ "McColl's Corporate website | Rollout of Morrisons supply".
  11. ^ "Safeway".
  12. ^ "Safeway is coming back! Morrisons revives supermarket brand after deal with McColl's".
  13. ^ "300 McColl's stores to be rebranded as Morrisons Daily within three years as grocers extend supply partnership".
  14. ^ "McColl's to focus on Morrisons Daily offer".
  15. ^ "McColl's beats target to launch 100th Morrisons Daily store - Retail Gazette".
  16. ^ Stewart, Gary (14 November 2014). "McColls newsagents fined £150,000 for failing to protect staff in Wirral". Liverpool Echo. Retrieved 16 December 2016.

External links[]

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