Co-op news

08 April 2014
The Co-operative has announced it has signed an agreement to lease 54 pub sites which it will turn into convenience stores. Locations throughout the country The deal will see The Co-operative agreeing to lease the pub sites from Marston's public house portfolio owned by NewRiver Retail to convert into convenience stores. The stores will be located throughout the country, but there will be a c...
19 March 2014
The Co-operative Group has announced changes to its executive management team to help it focus on the important task of revitalising the organisation. Newly created role of Chief Operating Officer Richard Pennycook, who was last week appointed as interim group chief executive is set to take on the role of chief operating officer once a permanent group chief executive has been found. This ...
11 March 2014
It has been announced that Euan Sutherland has resigned as group chief executive of the Co-operative Group with immediate effect.  Richard Pennycook, the chief financial officer (and formerly of Morrisons) has been appointed as the interim replacement. "Ungovernable" It is understood that Sutherland felt the recent leaking of the details of his remuneration package was an attempt to des...
05 March 2014
Steve Murrells, Chief Executive, Co-operative Retail has set out a new vision for its food business as the retailer looks to get 'bricks right first' before focusing on 'clicks'. Doubling its convenience estate Murrells announced he is looking to double the retailer's small store numbers from the current total of almost 2,000 to 4,000 stores, by opening 150 new small stores per year...
26 February 2014
The Co-operative has announced it is considering the sale of its farming and pharmacy businesses as part of a strategic review of the Group.   Strategic review outlines disposal options This latest announcement forms part of a broader strategic review, which has identified non-core business activities. The Group has decided its farms are non-core and has started a process that is expected to ...
18 February 2014
Latest figures from the Nielsen Scantrack pool, aggregating sales from the UK's leading grocery retailers, show that sales across the sector fell 0.4% in the four weeks to 1 February, with volume (unit) sales falling faster, decreasing by 3.2%. 12 week data show declines for four of the top five In Nielsen's consumer panel-based Homescan data, covering the three months to 1 February, Tesco, ...
17 February 2014
The Co-operative Group has launched its biggest piece of research and engagement as it offers customers, colleagues and members the opportunity to 'Have Your Say'. Addressing community issues As part of the research, The Co-operative Group will be asking for views on the future of the Group and the big issues facing communities across the UK. The results of this will feed directly into the Gro...
14 February 2014
Sean Toal, The Co-operative Food's Chief Operating Officer is to leave the business and take up a new role at Wilkinson.  14 years at The Co-operative Toal is set to take up the role of Chief Operating Officer at the discount variety chain after 14 years at The Co-operative. Reports in the trade press suggest Head of Retail, Steve Murrells, issued a briefing to all senior managers ou...
11 February 2014
Kantar Worldpanel figures for the 12 weeks to 2 February 2014, show that growth in UK grocery retailing slowed to 2.4% in the period, a notable drop on the 12-weeks to 5 January, when growth was 2.9%. With inflation slowing again to 2.1%, the market does at least seem to be seeing some slight volume uplift, despite the slow value growth. Key retailer headlines were: Three of the ...
30 January 2014
The Co-operative food has launched a new in-store communications campaign to emphasise its value and convenience strengths. 'A good deal for you' New POS and communications materials have been rolled out to all 2,800 Co-operative Group stores to increase the visibility of The Co-operative Food's promotions and deals. A bright green colour scheme and softer lettering has been adopted to mo...