Retailers/Co-op/News

Co-op news

16 June 2016
As we launch our new UK grocery channels five year forecast, IGD Senior Retail Analyst Nick Gladding outlines the new numbers and highlights the opportunities they present. An unforgiving market In recent years growth in the UK market has been hard fought, as lower prices have generally enabled shoppers to spend less on groceries. While we can attribute part of this to the rise in pop...
01 June 2016
New figures from Kantar Worldpanel point to an essentially flat GB market grocery market with growth for the 12 weeks ending 22 March 2016 of just 0.1%. Food price deflation remained at 1.5%, the 22nd consecutive period when inflation has been negative. 12 weeks to 24 May 2015 (% share) 12 weeks to 22 May 2016 (% share) Sales growth (Y-o-Y %) Tesco 28.6 ...
25 May 2016
The Co-operative's classic clover-leaf logo of the '60s has been dusted down and re-launched as the Manchester based mutual looks to remind shoppers of its original purpose: a consumer co-operative. Roll out by 2019 The new iconic logo, first seen in 1968, is already appearing on seven stores and rollout is expected to see over 2,000 with the new design by 2018, with full group covera...
19 May 2016
After less than a year in operation My Local, the convenience chain created after the buy out of the Morrisons c-store portfolio, is reportedly looking to sell off some of its sites. Challenging trading environment According to Sky News there are numerous buyers for the 24 sites earmarked for disposal including the Co-operative group and Sainsbury's, with the first deal possibly being d...
05 May 2016
The purchaser of 96 former Somerfield sites, reported back in March , has been confirmed as the Food Retailer Group, part of restructuring specialists Hilco. Rebranded as Budgens Of the sites being sold only 36 are currently trading as Co-operative food stores, with the remaining stores, offices and forecourt sites currently empty. The trading stores will continue to stay open and wi...
04 May 2016
The latest data release from Kantar Worldpanel, covering the 12 weeks ending 24 April 2016 shows that GB grocery market growth has slowed to just 0.1% in this period.  With inflation staying negative on -1.5%, prices have now been falling every month since September 2014, though overall market volume has risen by 1%, in line with growing population. 12 weeks to 26 April 201...
07 April 2016
The Co-operative Group has today announced its full results for the 52 weeks ended 2nd January 2016, showing overall sales in a continuing stable position at £9.3bn (2014: £9.4bn). The Group has shown improvements in the bottom line with underlying profit before tax of £81m (2014: £73m loss) with the standout performance through the Food and Funerals parts of their portfolio. The Food business gr...
05 April 2016
New figures from Kantar Worldpanel reveal a significant pick-up in GB market growth with the period benefitting from the early timing of Easter this year. Data for the 12 weeks to 27 March 2016 (Easter Day) shows sales increasing by +1.1%, up from +0.5% for the 12 weeks to 1 March. This growth was driven almost entirely by volume with more shoppers appearing to trade up for the Easter break, ...
22 March 2016
The Co-operative is close to a deal that will see part of the old Somerfield estate it purchased in 2008 disposed off as it continues to focus on convenience retailing. Specialist investors? According to Sky News the stores are currently trading as Somerfield Stores Limited, a separate entity within the Co-operative, with 41 currently operating under The Co-operative Food Group an...
17 March 2016
The Co-operative has teamed up with Hermes' making them one of the delivery service provider's biggest business partners, allowing added choice and convenience for online shoppers. Merging online and physical The result of this partnership, which follows a pilot across 42 stores, will see customers of the Co-operative being able to pick up their online purchases from leading retailers suc...