Co-op news

06 May 2015
The latest grocery share figures from Kantar Worldpanel, for the 12 weeks to 26 April 2015, show that growth in the GB market slowed to just 0.2% in the period, impacted by a record level of deflation.  According to the Kantar measure of inflation, prices fell by 2.1% over the 12 weeks, slowing the growth rates of nearly every major retailer, and effectively taking £532m out of supermarket tills. ...
09 April 2015
The Co-operative Group has reported improved trading in its food business with a 0.4% gain in LFL sales for the 52 weeks to 3 January 2015 and slightly higher underlying operating annual profits. Focus on convenience pays off The results suggest that the Co-operative's shift in focus towards the fast growth convenience sector is proving effective. While total LFL sales increased by 0.4% ove...
09 April 2015
We explore the latest strategic developments in UK grocery retailing that aim to deliver shopper value.     Focus on lower pricing Lowering base prices is a strategy that is set to continue in 2015 as the multiples aim to compete against the discounters, win back market share and ultimately restore profitability. The loss of shoppers to the discounters and an over-reliance on promotions...
01 April 2015
[Video 3m 42s] What are the key developments in UK food and grocery retailing that businesses need to know about? Steve Jones, head of retail insight at IGD, explores four highlights that should be on your radar during April and beyond Are you a supplier? Join us at our 2015 trade briefings to hear direct from the senior teams of the UK's leading retailers on their strategies and plans
25 March 2015
Q1 2015 has seen some major changes to several UK retailers' senior teams as the grocery industry faces yet another challenging year. Here we summarise the most significant changes. Asda Asda CEO and president Andy Clarke has streamlined his senior team by promoting existing directors to drive forward the strengthening the Asda brand: Barry Williams has been promoted to chief...
10 March 2015
New market share figures for the 12 weeks to 1 March from Kantar Worldpanel show that growth in the GB grocery market has held steady at 1.1%, despite a marked worsening in the rate of inflation to -1.6% from -1.2% in February. This is its 18th successive month-on-month decline, taking inflation to its lowest level since this index was first compiled nine years ago.   12 we...
19 February 2015
The Co-operative has appointed its first independent chairman, former Asda boss Allan Leighton. Reforming the board The appointment of the first independent non-executive chair follows the work done by Sir Christopher Kelly to help reform the board by appointing independent directors which  is designed to ensure greater professionalism and stronger oversight. Leighton will take over from ...
15 January 2015
Estate rationalisation  The Co-operative is continuing with its strategy to focus on smaller stores as it looks to become 'the best local food retailer'. As part of this we can expect to see the retailer sell more of its larger stores and increase its presence in the convenience channel as it aims to open up to 120 new stores per annum. Highlighting this focus on smaller stores, The Co-operat...
13 January 2015
The latest UK grocery retail figures released by Kanter Worldpanel, covering the 12 weeks to 4 January, indicate that market growth picked up in the key festive Christmas shopping period.  Despite the negative impact of inflation in the sector, with prices falling by 0.9%, implied total sales were up 0.6% in the three months, a clear improvement on the 0.1% reported for the previous period, once m...
16 December 2014
All four of Britain's leading grocers experienced declining pre-Christmas sales according to newly released market data from Kantar Worldpanel. While the overall GB grocery market has just returned to positive growth (+0.1%, from -0.2% in November), it was helped by a pick up in volume growth as shoppers took advantage of lower prices.    12 weeks to 08 December 2013 (...