Co-op news

03 September 2015
The Co-operative Group has announced its interim results for the 26 weeks ended 4th July 2015, showing overall sales in a stable position at £4.6bn (2014: £4.7bn). The Group has shown improvements in the bottom line with underlying profit before tax of £64m (2014: £1m loss) mainly driven through the Food, Funerals and General Insurance parts of their portfolio. The Food business grew like-for-lik...
25 August 2015
New market data from Kantar Worldpanel for the 12 weeks to 16 August 2015 details a modest acceleration of grocery market growth reported in July. Sales growth of 0.9% is marginally ahead of 0.8% in July and continues the significant turnaround on June's -0.1% with grocery deflation at -1.7% slightly stronger than last month's -1.6%. With prices falling faster than previously, overall market grow...
06 August 2015
The Co-operative Group has announced that it has appointed Mike Bracken as its Chief Digital Officer, to bring up-weighted focus to the development its digital services; and sending a clear message of intent that digital sits at the centre of the Group's future vision. Offers outstanding record of innovation from role in Government Since 2011 Mike Bracken has worked for the Cabinet Office a...
28 July 2015
New market data from Kantar Worldpanel, for the 12 weeks to 19 July 2015, paints a more encouraging picture of the GB grocery market, with sales growth of 0.8%, a significant turnaround on June's -0.1%. All players apart from Morrisons delivered improved trading (though Morrisons was the best performer of the Big Four). Moreover with deflation only easing back marginally from -1.7% to -1.6%, this...
21 July 2015
As the Co-operative announces plans to recruit 1,000 extra staff, we look at how the UK's fifth largest retailer is increasingly confident about its strategy and prospects.  Meeting the demands of grazers The additional staff will help The Co-operative meet demand at peak times as shoppers increasingly favour shopping a little and often. Our ShopperVista research shows that the typical s...
30 June 2015
The latest grocery share figures from Kantar Worldpanel, for the 12 weeks to 21 June 2015, show that the GB grocery market continues to struggle as growth slipped back to -0.1% in the period. According to the Kantar measure of inflation, year-on-year prices fell by 1.7% over the 12 week period, a slightly slower rate of price cutting than last month's -1.9%. 12 weeks to...
17 June 2015
The Co-operative has launched a new round of price cuts, focused on fresh produce, as part of a £125m investment in lower prices. Focus on fresh lines The latest investment in price is concentrated on fresh produce and will see some prices halved and major discounts on over 100 lines. The price offensive will also include revolving offers on a so-called 'fresh three'. This will start wi...
04 June 2015
As IGD launches its new year five year market and channel forecasts, Nick Gladding outlines the thinking behind the new projections and the implications for suppliers. The road to 2020 Over the next five years, IGD expects the UK grocery market to increase in value by 13.0% to £200.6bn, with growth picking up through the period from a low of 1.7% in the year to April 2015 to 2.7% in 202...
22 May 2015
Store numbers across the convenience channel continue to rise, with many groups and retailers adding a considerable number of new sites over the latest 12 months, according to the latest data from IGD Retail Analysis and William Reed Business Media. However, further growth was moderated by rationalisation amongst certain retailers. Number of stores 2014 Number of stores 2...
14 May 2015
In an interview with BBC Radio 5 live, The Co-operative Group CEO Richard Pennycook has spoken about how the group's former management let the organisation down. Changes in structure will help boost profits According to CEO Richard Pennycook,  the group has been undermanaged in the past, however with recent changes to its structure, it seems the group is getting back on track. Applyin...