Co-op news

06 April 2018
The Co-op has reported strong trading results for the year 2017. Underlying profit is up 25%, at £65 million for the year. Strong retail performance Revenues were stable at £9.5 billion, in line with Co-op's expectations. Overall food like-for-like sales were up 3.4%, with core convenience LFL sales increasing by 4.3%. This marks four years of consecutive LFL growth for the company. Whol...
26 March 2018
The Co-op has announced an exclusive partnership with Live Nation to become the first UK food retailer to have a supermarket at four major summer music festivals. Download, Latitude, and Reading and Leeds festivals will all welcome the convenience retailer into their grounds for the first time. The deal will see Co-op operate a 6,000 square foot shop at each of the four festivals to cater for ...
07 March 2018
Two UK convenience retailers are trialling mobile payment apps to improve the shopper experience. Co-op trials “shop, scan-and-go” service Co-op is trialling a “shop, scan and go” app which allows shoppers to purchase products in-store using their smartphones. The trial of the new mobile app will start at the shop located in Co-op’s customer support centre in Manchester, followed by th...
01 March 2018
The UK Competition and Markets Authority has now begun its preliminary investigation into the potential effects of the proposed acquisition of wholesaler/distributor Nisa by the Co-operative Group. Decision on Phase 2 by 23 April Launched on 23 February, the CMA will report on 23 April whether it needs to take its investigation to a more detailed Phase 2 enquiry.  In the absence of material...
15 February 2018
Within its wider programme of store development for 2018, Co-op has revealed it is committing £28m of investment specifically within the Greater London area.  This will see the business add a record 30 new stores within the capital, as well as seven existing stores refreshed to the latest branding and standards. Priority on high traffic locations Amongst the first phase of stores to open in...
24 January 2018
The Co-op is investing £50 million in cutting the price of grocery staples in response to "tight" competition on the high street, it has announced. Savings aim to attract more shoppers to Co-op stores The retailer said it was lowering the price of some products by more than 40%, with some 600 products now costing an average of 14% less.  The cuts on the prices of fruit, vegetables, bread, f...
18 January 2018
The retailer has partnered with Deliveroo to pilot a home delivery service in Greater Manchester. The ‘big night in’ Shoppers will be able to purchase from the convenience store via the Deliveroo website. The trial will focus on beers, wines and spirits as well as confectionery, catering for last minute ‘big night in’ shoppers. Users of the service will also benefit from ‘party bundle de...
02 January 2018
Off the back of a 6.2% like-for-like performance in the two weeks to January 1, major UK convenience retailer, Co-op has confirmed plans to open 100 new food stores during 2018.  The new stores will be part of a £160m investment programme, that will also see it refit another 150 existing stores over the 12 months, further driving up the quality of its overall portfolio. Locations throughout th...
29 November 2017
Following the collapse of Costcutter's supply partner Palmer & Harvey, it has been announced that the symbol group has signed an agreement with Co-op, by which it will become the exclusive wholesale supplier to the 2,200 Costcutter, Mace, Simply Fresh, Supershop and kwiksave stores.  The five-year deal will commence formally in Spring 2018, though with P&H ceased trading, Co-op is now exploring p...
23 November 2017
Co-op Food is trialling a new “ultimate convenience” format for its larger stores, as part of its Everyday Convenience Plus programme. Trial will take place in three stores The new format trial will take place at three stores located in Hornbury (West Yorkshire), East Leake (Leicestershire) and Walderslade (Kent). The three stores are all between 7,000 sq. ft. and 11,000 sq. ft. and have...