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Strategic outlook for Co-op

We look at the strategic priorities for Co-op, the UK’s largest consumer co-operative, as it balances its core values and long term goals with the challenges of the cost-of-living crisis. 

Co-op: data

See data on the retailer’s performance and forecasts for its operations by channel.

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Announcing its interim results for the first six months of 2023, Co-op has reported sales in its food retail division down by 8.9% to £3,563m. This was substantially the result of the disposal of its fuel forecourt estate of 129 sites in late 2022. Excluding this impact, underlying sales grew by 4%. Total group sales (including life and financial services) were also impacted by the disposal, falling to £5,430m.

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Co-op has a long heritage of sustainability and ethical credentials through the recognition of their commitment to Fair Trade and environmental improvement and reducing environmental impact, delivering that for the shopper and to the benefit of the planet. Showcasing the Co-op Sustainability strategy at the Co-op Trade Briefing from IGD on 14 September, Guy Stuart, Director of Technical, Agric...
IGD’s recently published forecasts out to 2028 , highlights convenience as one of the key growth channels in the UK grocery sector. While the total market will grow at an annual compound rate of 3.4%, convenience will track at 4.3%, with channel value hitting £62 billion in 2028. Of the UK retailers Co-op is the biggest pure play in the convenience space, and this is really embodied in its ‘P...
As the cost-of-living challenges continue to impact shoppers, loyalty schemes have come to the fore as a way for retailers to offer enhanced value to their shoppers. All the major UK food and grocery retailers, bar the discounters, now offer some form of direct-value benefits as part of a loyalty programme. Membership is the long-term loyalty component of the Co-op proposition, and in April 20...
5-year forecasts to 2027

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