Co-op news

20 July 2017
Leading neighbourhood and convenience retailer the Co-operative Group has announced it is to roll-out its initiative to recruit local food and drink suppliers to supply nearby stores throughout the UK. Follows successful trial in Yorkshire The launch of the national programme comes in the wake of a pilot scheme established in Yorkshire, running since 2015.  Currently the Co-op's 250 stores ...
02 May 2017
The Co-op has announced that it will become the first national retailer to switch all of its fresh meat to British, by dropping Danish bacon and New Zealand lamb. Co-op stores to provide British bacon and lamb From today (02/05), Co-op stores will provide only fresh British bacon and lamb by removing Danish bacon and New Zealand lamb from its range. This is a significant move, with a tenth ...
20 April 2017
National UK co-operative convenience retailer, The Co-op has announced a food redistribution scheme to enhance the means by which its stores support local communities and good causes.  Following a trial at 60 of its stores the scheme is now to be rolled out nationally enabling all of the 2,500 towns and villages, where The Co-op has a store, to benefit.  It is estimated the scheme will donate 8,5...
06 April 2017
The Co-operative Group has today announced its full results for the 52 weeks ended 31 December 2016. Group revenue increased by 3% to £9.5bn (2015: £9.2bn) and operating profit up 32% to £148m (2015: £112m). Group highlights Food like-for-like sales rose 3.5%, driven by core convenience business, as Food continued to outperform the market Funeralcare revenues grew by 3% and market s...
16 February 2017
The Co-op are to create tailored local offerings in all of its 2,500 stores as part of a revamping of its total range in conjunction with the JDA Software Group. New opportunities for suppliers JDA, which has previously been involved with range andlayout changes at retailers including Asda, Sainsbury’s and Tesco, will use a combination of sales data, geographic and demographic data to bet...
12 January 2017
Reporting strong sales growth over Christmas, the Co-op saw a life-for-like increase of 3.5% in the three weeks ending 31 December. Driven by core product line availability With 300,000 fewer gaps than this period in 2015, product availability helped to increase sales success across all produce, with stand outs including own-brand, frozen and fresh. The Co-op reported that the biggest selling...
15 December 2016
Following the re-launching of its membership scheme in September, members of the Co-op look set to have earned more than £15m for themselves and over £3m for local good causes by the end of the year. Five million members to benefit Ownership of the worlds largest mutual is with the estimated five millions members, who each pay £1 to join the scheme. Members receive a 5% reward on purchase...
08 December 2016
In a move that will allow the Co-op to focus on its core Food and Funeral operations, it will exit the joint venture it has held with Thomas Cook since 2011.  Sites to become Thomas Cook branded in two years Thomas Cook, which has been responsible for the operation of the joint venture, will buy the Co-op's 30% stake for £50m. The move will also see them buy Central England Co-op's 3.5% s...
15 November 2016
The latest data release from Kantar Worldpanel reveals a strong performance from Tesco which achieved sales growth of +2.2%. This was more than twice the rate of the GB grocery market (+0.8%) and a pick up on last month's +1.3%. Deflation moderated further, to -0.5% from -1.1% in September, as cost pressures impacted and sales growth at the discounters slowed again. 12 ...
18 October 2016
Data released by Kantar Worldpanel for the 12 weeks to 9 October, shows that growth in the GB grocery retail market has accelerated slightly, moving ahead to +0.8%, up from just 0.3% in last reported period to September.  Improving performance is linked partly to easing negative inflation, which slowed to -0.8% from -1.1% in the September data. 12 weeks to 11 October 2015...