Co-op news

30 June 2014
This week IGD releases new market and channel forecasts that reveal the fast changing dynamics with the UK grocery market.  By 2019, IGD expects the market to increase in size by 16.3% to £203.0bn, a considerable slowdown on the 19.5% growth of the last five years, reflecting shoppers' continuing drive to save money and their increasing willingness to use more channels to fulfil their shopping ne...
30 June 2014
The UK convenience market is set to be worth £49bn by 2019, according to the latest IGD Retail Analysis forecasts. This represents an increase of over 30% from its current value of £37bn. Shoppers in the UK are spreading more of their spending across a variety of grocery 'channels', such as hypermarkets, online etc. Our latest ShopperVista research shows that nearly all shoppers (95%) use at...
17 June 2014
The Co-operative has announced sales of its own label products are up, with sales of its bread more than doubling as the retailer places more importance on its own-brand products. 3,800 products re-launched by the end of the year The re-launch of The Co-operative Food's farmhouse loaf is part of the a wider roll out of private label which will see over 3,800 products re-launched by the end o...
19 May 2014
At the Special General Meeting on Saturday 17th May the Co-operative Group voted in favour of proposed governance reforms designed to provide a stronger board-level oversight of its commercial activities for the future.  In addition the Group has set out a statement of purpose designed to reconnect the society to its traditional values and strengths. 'Championing a better way to do business f...
24 April 2014
The Co-operative Food has announced it is investing in an ongoing initiative to lower prices on hundreds of everyday essentials. Concentrating on essential items The new initiative will see The Co-operative Food launching its 'Fair and Square' prices in-store which are designed to transform the community shopping experience for its 8 million members. The price reductions will concentrate ...
17 April 2014
The Co-operative has announced its annual results for the 52 week period ended 4 January 2014. In what has been a highly testing year, the retailer has reported sales at a group level are down 4.5%. A period of transition  Sales at The Co-operative's food business fell from £7.4bn to £7.2bn, with operating profit also down 8.1% to £247m. These results highlight the period of transition the ...
14 April 2014
Waitrose has begun trialling grazing areas in its latest stores as part of a drive to create a more compelling in-store experience for shoppers.  Keynsham store used as test bed Waitrose's Keynsham store, one of seven former Co-operative supermarkets that Waitrose acquired last November, has been chosen as a test bed for the retailer's new hospitality initiatives. Located in Somerset, sout...
08 April 2014
The Co-operative has announced it has signed an agreement to lease 54 pub sites which it will turn into convenience stores. Locations throughout the country The deal will see The Co-operative agreeing to lease the pub sites from Marston's public house portfolio owned by NewRiver Retail to convert into convenience stores. The stores will be located throughout the country, but there will be a c...
19 March 2014
The Co-operative Group has announced changes to its executive management team to help it focus on the important task of revitalising the organisation. Newly created role of Chief Operating Officer Richard Pennycook, who was last week appointed as interim group chief executive is set to take on the role of chief operating officer once a permanent group chief executive has been found. This ...
11 March 2014
It has been announced that Euan Sutherland has resigned as group chief executive of the Co-operative Group with immediate effect.  Richard Pennycook, the chief financial officer (and formerly of Morrisons) has been appointed as the interim replacement. "Ungovernable" It is understood that Sutherland felt the recent leaking of the details of his remuneration package was an attempt to des...