Co-op news

24 January 2018
The Co-op is investing £50 million in cutting the price of grocery staples in response to "tight" competition on the high street, it has announced. Savings aim to attract more shoppers to Co-op stores The retailer said it was lowering the price of some products by more than 40%, with some 600 products now costing an average of 14% less.  The cuts on the prices of fruit, vegetables, bread, f...
18 January 2018
The retailer has partnered with Deliveroo to pilot a home delivery service in Greater Manchester. The ‘big night in’ Shoppers will be able to purchase from the convenience store via the Deliveroo website. The trial will focus on beers, wines and spirits as well as confectionery, catering for last minute ‘big night in’ shoppers. Users of the service will also benefit from ‘party bundle de...
02 January 2018
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 th...
29 November 2017
Following the collapse of Costcutter's supply partner Palmer & Harvey, it has been announced that the symbol group has signed an agreement with Co-op, by which it will become the exclusive wholesale supplier to the 2,200 Costcutter, Mace, Simply Fresh, Supershop and kwiksave stores.  The five-year deal will commence formally in Spring 2018, though with P&H ceased trading, Co-op is now exploring p...
23 November 2017
Co-op Food is trialling a new “ultimate convenience” format for its larger stores, as part of its Everyday Convenience Plus programme. Trial will take place in three stores The new format trial will take place at three stores located in Hornbury (West Yorkshire), East Leake (Leicestershire) and Walderslade (Kent). The three stores are all between 7,000 sq. ft. and 11,000 sq. ft. and have...
13 November 2017
The 1,190 independent retailers that make up the shareholders of the Nisa buying and distribution consortium have voted in favour of the proposed purchase of the business by the Co-op Group, the UK's largest consumer co-operative. 76% to 24% in favour Despite reports of a potentially significant dissident vote against the deal, the proposal to sell the business gained the necessary super-ma...
10 October 2017
Following a month of exclusive talks, the UK's largest consumer co-operative, the Co-op Group has launched its bid to acquire the member-owned retail and wholesale group Nisa.  The deal puts the value of Nisa's full shareholding at £137.5m which, with associated costs of £5.5m, will result in a total payment of £143m by the Co-op.  If successful, this acquisition will establish the Co-op as a sig...
21 September 2017
Co-op Food has reported a highly encouraging set of interim results with further gains in LFL sales and an improvement in profitability in the 26 week period to 1 July 2017. +3.5% LFL growth LFL food sales rose by 3.5% reflecting 14 consecutive quarters of LFL growth, and core convenience LFL sales increased by 4.5% as Co-op pursued its True North goal of becoming the UK's leading convenien...
30 August 2017
Nisa, the leading buying consortium and distributor to the independent retail sector, has announced to its members that the Co-op now intends to launch a bid to acquire the business 'as quickly as possible'.  Press reports indicate the deal will value Nisa at £140m. Entering period of exclusivity Following the decision of Sainsbury's to step back from its plan to acquire Nisa, the Co-op has...
14 August 2017
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