Scotmid Co-operative news

25 April 2019
Regional Co-operative retailer Scotmid Co-op has announced its full year 2018 results to 28 January 2019. Trading profit grew by 11% to £5.3m, while trading turnover increased by £4m to £378m. Strong performance in food division The retailer’s increase in trading profit was driven by strong sales in its food business, with like-for-like sales growth of its food convenience stores growing ah...
25 September 2018
Regional co-operative retailers Central England and Scotmid Co-op have announced their interim results. In the first half of 2018, sales at Central England grew by 3.6%. At Scotmid, trading turnover increased by £3m to £184m. Central England food retail like-for-likes up 7% Central England’s gross sales grew by 3.6% to £476.9m in its first half, 28 weeks to 11 August. In its core food...
11 February 2015
Scotmid, The Scottish Co-operative has launched a new in-store food-to-go format called the 'The Kitchen'. Solutions based on the time of day The Kitchen seeks to meet the needs of customers throughout the day by offering a range of items which includes porridge, salad pots, and sandwiches through to hot meals. The offer will reflect the seasons whilst also offering daily specials. The tri...
12 November 2014
Conviviality, the owners of Bargain Booze has announced it is launching its off licence format in Scotland. Sales flat The retailer has provided a trading update for the 26 weeks ended 26 October 2014 which has seen it deliver revenues broadly inline with last year. Like-for-like sales at the retailer are down 1.7%. Wine Rack stores continue to trade in line with expectations as the operat...
24 April 2014
In its newly released annual report and accounts, Scottish co-operative society Scotmid has revealed that operating profits fell by a quarter in 2013, though LFL food sales were "ahead of the Scottish market". Weak consumer confidence impacts trading The society attributed the fall in its operating surplus, which dropped from £6m to £4.5m for the year to 25 January 2014, to low consumer confid...
29 October 2013
Our Shopper insight manager, Michael Freedman, looks at how the convenience store of the future could be very different and help shoppers fulfil more missions. Untitled 1 Convenience in a multichannel world As IGD’s shopper insight expert on the convenience channel, I am often asked how convenience store shoppers differ to main supermarket shoppers. The answer is simple - they are ...
01 October 2013
Scotmid has announced it plans to sell more Scottish products in its stores to enhance its regional credentials and build stronger links with local suppliers. Enhanced range The retailer has revealed it has signed a deal with wholesaler Fife Creamery to increase the number of Scottish products it sells. Scotmid already supports Scottish suppliers, but this deal will allow the retailer to en...
26 September 2013
Scotmid has announced a dip in sales of 0.6% for the 26 weeks to 27 July 2013. Weather impacts trading The prolonged period of bad weather at the start of the year, coupled with a challenging trading environment has impacted sales and led to a decline of 6.2% in operating profit before exceptional items. New formats to create opportunities  The retailer is trialling a discount store,...
13 September 2013
The Co-operative Group has agreed a deal with the National Union of Students to offer a 10% discount on grocery products for holders of the NUS Extra card at more than 3,600 participating Co-operative food stores across the UK. First of its kind The promotion has also been adopted by some of the regional Co-operatives including Anglia, Midcounties, Midlands, Scotmid and Sourthern Co-operati...
12 August 2013
Scottish co-operative, Scotmid has begun trialling a new discount focused convenience store near Edinburgh. Value range In a continued move away from a one size fits all approach, it is reported the fascia of the store in Prestonpans has the Scotmid blue and white colours, but these are reversed to differentiate it from the standard and premium fascias operated by the retailer. It is also...