THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
McColls puts 1,300 jobs at risk with plans to shut 132 stores

Morrisons has announced that around 1,300 McColl’s workers are facing redundancy, as it prepares to close loss-making stores. The supermarket giant rescued McColl’s earlier this year… View Article

FOOD AND DRINK NEWS UK

McColls puts 1,300 jobs at risk with plans to shut 132 stores

Morrisons has announced that around 1,300 McColl’s workers are facing redundancy, as it prepares to close loss-making stores.

The supermarket giant rescued McColl’s earlier this year in a £190m deal when it was on the brink of collapse.

Around 1,300 McColl’s workers have been put at risk of redundancy as part of proposals from Morrisons to shut 132 loss-making stores. The stores have been identified as having “no realistic prospect of achieving a breakeven position in the medium term,” with closures anticipated in “an orderly fashion” over the remainder of the year.

While some of the stores will be able to return to profitability “over time,” the majority of the 132 will be shut.

“We are now able to begin the urgent journey to transform McColl’s into a viable, well-invested and growing operation,” David Potts, Morrisons chief executive, said.

Morrisons also set out plans to bring the total number of its smaller format Morrisons Daily stores to more than 1,000 within two years, speeding up an existing conversion programme.

Subscribe For Retail News