UK: T&S stores on acquisition path as sales growth increases
T&S Stores, the retail group behind the 870-strong One Stop chain of convenience stores, said sales growth remained strong at 4% in 2001. Sales growth in the second half was even stronger, at 5%, said chief executive Kevein Threlfall, who added that the £20bn (US$28.5bn) market remains full of potential for growth. He also confirmed that T&S intends to carry on acquiring stores, taking advantage of the currently fragmented market for convenience stores, and the fact that growth in the sector is forecast to remain ahead of inflation.
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