McColl’s Retail Group is planning to sell 100 of its less profitable newsagents as the retailer continues its switch to convenience stores.
The group said the assets would be sold for no less than their asset value.
The retailer added it would “continue to run profitable newsagents and convert these to convenience format where appropriate”.
James Lancaster, McColl’s chief executive, said the 100 stores are no longer part of the retailer’s long-term strategy
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