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 the UK
For 2018, Co-op's opening programme will see new stores added nationally, with a focus on increasing its presence in major urban centres above all. More than 20 of the 100 new sites will be in London, while Scotland and Wales will see 20 and 18 opened respectively. Other specific locations include: Blackpool, Bristol, Chesterfield, Crewe, Leicester, Manchester, Nottingham, Plymouth, Southampton and York.
Co-op members now helping to identify new sites
As part of its commitment to serving, and building links with, local communities Co-op is inviting individual members to help bring new stores to their preferred locations, through making suggestions on a dedicated new 'suggest-a-site' page on the Co-op website.
Stuart Hookins, Director of Portfolio and Development, Co-op commented:
"The Co-op's extensive acquisitions and refit programme is a fundamental part of our food strategy ... our expansion plans for 2018 will mean that the Co-op is on track to have opened at least 100 new stores in each of three consecutive years. We are always looking for new locations to get us closer to where our members and customers live and work, and to meet their shopping needs conveniently."