Co-op news

22 August 2018
The Co-op has enjoyed its fastest rate of growth in nearly seven years, according to the latest grocery market share figures from Kantar Worldpanel. Sales increased by 7.8% for the 12 weeks to 12 August 2018, driven by consumers’ preference to shop locally during the good summer weather.  Co-op market share increases During the period, Co-op attracted an additional 263,000 new shoppers thro...
17 August 2018
Trade press reports, quoting figures from Barbour ABI, the construction data industry specialist, show that Co-op currently has the largest number of new sites in development of any UK grocery retailer.  The data shows that Co-op submitting planning applications for 34 new stores in the first six months of 2018.  In the same period Co-op actually completed 21 new openings. Targeting 100 new st...
05 July 2018
Costcutter's new supply deal with Co-op has now been rolled out to all stores in its network, putting an end to over six months of contingency arrangements, in the wake of the collapse of former distribution partner Palmer & Harvey.  The turbulence of the last year saw some 400 stores leave the symbol group, leaving the total number in the network at 1,776 at the end of 2017.  However, it has con...
28 June 2018
Nisa retailers are now able to place orders for Co-op’s range of own label products. The range will gradually be made available to independent stores over the next few weeks. Phased roll-out Co-op will make the own label range available in four phases: The first 49 products can be ordered from next week Another 350 from mid-July A further 350 in September The final products i...
28 June 2018
John Lewis Partnership issues a profit warning and unveils strategy for the coming years. H1: a disappointing result and next steps for the business John Lewis Partnership, which owns John Lewis department stores and Waitrose supermarkets, has announced that profits for the first half will be “close to zero”. Future strategy will focus on three key areas: differentiation over scale, main...
13 June 2018
Costcutter founder Colin Graves has joined the Co-op as an advisor on its wholesale and franchise development plans. Chair of new Wholesale and Franchise Advisory Board Graves will chair Co-op’s new Wholesale and Franchise Advisory Board.  The board was created following the Co-op’s £137.5m takeover of Nisa which completed last month, and the start of its wholesale supply agreement with Gra...
30 May 2018
The latest data from Kantar Worldpanel, for the 12 weeks to 20 May 2018, shows that the British grocery market enjoyed improving growth over the previous month, with total sales up 2.7%. While the inflation rate remained unchanged at 2.1%, the sector benefited both from some excellent weather over the early summer national holiday, as well as the celebratory mood surrounding the wedding of Pri...
08 May 2018
The Co-op has announced the appointment of Ken Towle as Chief Executive of its newly acquired Nisa subsidiary.  The former senior Tesco executive has taken up the role with immediate effect, replacing Arnu Misra who stepped in as interim Nisa CEO in late 2017.  The announcement comes on the day that the Co-op's acquisition of the wholesale distributor gained final legal recognition. Ken Towle ...
03 May 2018
Co-op customers in Milton Keynes can now have their groceries delivered by robot.  The Monkston branch has been trialling unaccompanied robot delivery for the past four weeks, promoting the service using targetted local social media marketing. Between 10-15 robots are being used and around 1,000 orders have been dispatched since the project went live a month ago. Robots "understand" their envi...
24 April 2018
The Competition and Markets Authority has cleared the Co-op’s £137.5m takeover of buying group Nisa, saying " the proposed merger does not give rise to competition concerns ”.  Co-op is now likely to take over the running of Nisa in May. Competition between shops unaffected Co-op, as a groceries retailer, and Nisa, as a groceries wholesaler, do not compete head-to-head. However, as Nisa sup...