Retailers/Co-op/News

Co-op news

03 October 2023
Marking the start of the second year of its Pure Convenience strategy, Co-op’s food business, under the leadership of Matt Hood, has updated suppliers on its priorities and ambitions to build and extend its role as the leading UK convenience retailer. Co-operating for Growth Speaking at the 2023 IGD Co-op Trade Briefing: Co-operating for Growth, the retailer’s commercial leadership team rei...
21 September 2023
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, fall...
30 August 2023
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...
21 August 2023
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...
14 August 2023
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...
07 August 2023
Quick commerce has been one of the fastest growing and innovative segments of food & grocery retailing in the last few years. Strengthening the omnichannel proposition is a strategic priority for many leading retailers and offering customers a rapid delivery option is increasingly becoming part of this. The growth of rapid delivery was boosted significantly by the arrival of a number of specia...
03 August 2023
A round-up of recent developments from UK retailers' ongoing efforts to demonstrate their value propositions. Co-op investing £70m into member-only pricing Co-op has announced a £70m investment in price reductions, which it claims is its largest ever single investment on pricing and ahead of any other convenience retailer. This latest investment takes Co-op’s total outlay on pricing this ...
25 May 2023
Leading UK convenience retailer, Co-op has announced that its partnership with the robot delivery provider, Starship Technologies has now been extended to Wakefield, West Yorkshire. Operating from Co-op’s store at Meadow Vale in the Outwood district of the town, the service will now be available to some 6,500 households in the area, providing a tailored range available to order through the Starsh...
11 May 2023
Major UK convenience retailer Co-op now has almost 1,000 stores offering delivery service through the Just Eat platform. Following a trial phase launched in December 2022, Co-op’s partnership with Just Eat has been rolled out rapidly as part of the retailers stated ambition to increase the penetration of delivery from its stores alongside existing partnerships with Deliveroo and Uber Eats. Tar...
19 April 2023
Major UK convenience retailer, Co-op has announced a new promotional initiative offering additional savings to membership card holders as part of its drive to grow numbers by a million, supported with £240m of investment over the next five years. Landing in stores today 19 April, Co-op Member Prices is now offering access to enhanced value on a range of products and deals including the retailer’s...