Retailers/Co-op/News

Co-op news

26 March 2013
As the quarter draws to a close, we summarise the key changes to senior management teams of the major players. Asda: McKenna move triggers major reshuffle The year began with the announcement that Judith McKenna was to vacate her position as COO to take up a new role as executive vice president, strategy and international development at Walmart International. Her promotion resulted ...
21 March 2013
The Co-operative Group has announced sales rose 1.5% to £13.5bn at group level, with sales at its food business up 1.3% to £7.44bn, but down 0.7% on a like for like basis in the 53 weeks ending 5th January 2013. Convenience outperforms  In contrast to the overall food business, sales at the retailer's convenience stores were up 1.9% on a LFL basis, with sales increasing 5.5% over the thre...
21 February 2013
With this year's official Fairtrade Fortnight beginning on 25th February, we take a look at how retailers are supporting the event, driving an ethical agenda in the face of a highly value orientated market. The Bean Machine The Co-operative has commissioned a car powered entirely powered by waste coffee beans to celebrate ten years of selling 100% Fairtrade coffee. Having broken the Guinn...
28 January 2013
The Co-operative has today announced the launch of a new Christmas savings scheme, offering enhanced protection for customer deposits . Peace of mind for customers The Co-operative has been working closely with representatives of the Farepak Victims Committee (set up after the 2006 collapse of the Christmas club) to offer customers who buy savings stamps throughout the year protection in wh...
21 January 2013
New CEO Steve Murrells is to launch a new five year strategy to boost the retailer's sales and "get back to basics", and reshuffles his senior team. Five year plan to get the business back in to growth After posting encouraging Christmas results , CEO, Steve Murrells has announced his new plan to improve the shopping trip for customers at the retailer's food stores. Over the last six mont...
16 January 2013
It has been reported that The Co-operative Food has appointed Sainsbury's Andrew Mann to the newly created role of customer director, and Howard Reed, former New Look and Asda director, has been appointed to the newly created role of food chief information officer. A breadth of experience Andrew Mann is currently the director of insight and loyalty at Sainsbury's . He has previously hel...
15 January 2013
The Co-operative Group has reported encouraging Christmas and New year trading in its food business for the three weeks ending 5th January, with performance driven by a strong like-for-like growth from its convenience estate. Targeted promotions and new brand advertising drive sales Over the three week period, The Co-operative food saw total sales rise 2.4% and by 2.2% on a LFL basis.  Ke...
08 January 2013
The latest market share data from Kantar Worldpanel, for the 12 weeks to 23 December, shows the market trend held steady with the previous period maintaining growth of 3.2%.  However Kantar has reported a sharp uptick in inflation in the period, up a full percentage point to 4.5%, putting pressure on volumes in the crucial run up to Christmas. 12 weeks to 25 December 2011 (% share)...