Scottish SPAR wholesaler and convenience retailer CJ Lang and Son Ltd reported a 3.4 per cent increase in its turnover for the year ending 30 April 2020.
The underlying pre-tax profits have doubled to £1.5 million, the Dundee-based firm which celebrated its centenary last year, said in the financial statement.
The results include impact of the very early stages of the COVID-19 pandemic which saw an increase in demand in the final six weeks of the financial year, and the firm investing in its stores to create safe environment for staff and customers.
“Prior to the onset of COVID-19 our business was already growing,” commented Colin McLean, chief executive.
He credited several factors like the development of food-to-go offer, continued focus on consistent store standards, development of independent retailer customer base and improvements to its offer to meet changing customer needs for the growth.
The business, which has over 300 stores, has last year embarked upon a turnaround programme. McLean said they continue to implement the strategy for growth, and took “difficult decisions” to improve the overall profitability.
“Whilst the retail landscape is ever changing we continue to follow our long-term strategic path, driving our back to basics programme, balanced with initiatives to improve our offer and attract more independent retailers to SPAR Scotland,” he said.
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