McColl's Retail Group transitioning into a significant fresh food business

By Andrew Scott / March 28, 2018 / www.proactiveinvestors.co.uk / Article Link

Simon Fuller, chief financial officer of McColl's Retail Group (LON:MCLS) tells Proactive's Andrew Scott the future for them lies in being a bigger fresh food business

''The big transformation for us now is to go from what was originally a newsagent business to a convenience business and now to a food business''.

''That's really the next stage of our evolution''.

Fuller adds: ''We're in a growing part of the market ... if you look at the cyclical trend it tends to be that convenience stores are slightly more immune - smaller basket sizes and we tend to be a little more resilient to the ups and downs in the market''.

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