One Stop to acquire 33 convenience stores

5 Jul 2013

One Stop Stores Limited, a subsidiary of Tesco, has agreed to acquire 33 convenience stores from Alfred Jones (Warrington) Ltd as part of its long-term growth strategy.

One Stop Stores Limited, a subsidiary of Tesco, has agreed to acquire 33 convenience stores from Alfred Jones (Warrington) Ltd as part of its long-term growth strategy. 

The purchase will bring One Stop’s total number of stores to 682 across England and Wales, and grow its employee base to almost 10,000.  The acquired stores are based in the North West of England. The deal is conditional upon regulatory approval and is expected to complete later in the year. 

One Stop CEO Tony Reed said: “Having over 20 years’ experience in the convenience market puts us in a good position to help neighbourhoods thrive.  With the purchase of these stores, we can introduce One Stop’s quality, great value, range and service to customers in new communities.  

We will also invest in store refurbishment to improve the shopping experience for our customers. “We’re delighted to welcome the store staff to our team.  One Stop is a growing business that revolves around people. We believe firmly in investing in our staff, helping them to develop their careers with the company. We look forward to working with these new stores.”

In 2011, One Stop acquired the 77-strong Mills Group estate and within 12 months delivered like for like sales performance of +19% across a successful group of stores.  Mills Group employees now with One Stop have praised the efficiency and support provided by One Stop as well as its focus on customers and providing a great service. 

Ends

Notes to Editors: 

Alfred Jones is an established Spar retailer and currently operates 49 convenience stores and 18 forecourt sites located predominantly in the North West. 

One Stop Stores Limited is a retail convenience business with 649 neighbourhood stores across England and Wales.  It employs around 9,500 staff. The majority of its stores open seven days a week from 6am to 11pm and offer local communities a range of convenience food and household goods.  For added convenience many stores offer additional services including free cash machines, Post Office, PayPoint (for paying utility bills), lottery and mobile electronic top-up. 

One Stop is a subsidiary of Tesco which acquired the stores in 2003. It operates as a separate business from its head office in Brownhills, Walsall, West Midlands. 


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