Co-op news

22 July 2021
The GB grocery market declined by 5.1% on 2020 in the 12 weeks to July 11th, according to the latest results from Kantar as the whole period annualised against pandemic-elevated comparatives. Despite this impact and a less-than-expected boost from Euro 2020, sales remained £3bn higher than the same period of 2019, Limited boost from Euro 2020 With many shoppers taking advantage of newfound ...
15 July 2021
Co-op has revealed its recycling solution, aimed at confronting soft plastic, which cannot be recycled through local council bin collections. Co-op reveals large scale collection scheme The Co-op announced the launch of its in-store recycling collection scheme, which is aiming to collected soft plastics, including plastic bags and other product packaging. Co-op claims the initiative is the ...
30 June 2021
In its new UK channel forecasts report, IGD maps out its expectations of how the food and grocery sector will move on from last year’s exceptional expansion. IGD predicts that last year’s 8.5% growth will slow to 1.7% in 2021 and then to 0.9% in 2022, as shoppers economise and the foodservice sector reclaims sales. This sharp decline will be followed by a period of modest recovery, that wil...
23 June 2021
The GB market declined 1.6% in the 12 weeks to 13 June, according to the latest results from Kantar. Market growth declines but sales remain elevated This period saw restrictions ease further and the continuation of the vaccine programme rollout. However, as there has not been a complete return to normality this has created a mixed set of results. Despite the market declining, sales remaine...
25 May 2021
The GB market declined 0.4% in the 12 weeks to 16 May, according to the latest results from Kantar. The decline reflects the tough comparisons against record-breaking figures from 2020 and the beginning of the pandemic. Reduced restrictions and the roll out of the vaccination programme has further impacted sales, with shoppers starting to return to their pre-pandemic buying habits. Despite thi...
11 May 2021
This week Co-op announced ambitious plans to sell fully carbon neutral own brand food and drink by 2025 – a world first.  This target is part of a new 10-point climate plan which sets out how the retailer will achieve net zero carbon emissions by 2040 - ten years ahead of the government’s own ambition. Co-op’s thinking is summarised by Food CEO, Jo Whitfield: “ We are facing a monumental cli...
27 April 2021
The latest release from Kantar, tracking the performance of GB grocery retail over the 12 weeks to 18 April 2021, shows that sector growth slowed to 5.7%, as sales met the tougher comparatives of the early pandemic in 2020 and non-essential retail and the out-of-home sectors began to open from 12 April, beginning the resumption of a more normal competitive retail landscape.  However, Kantar indic...
20 April 2021
The convenience channel remains a great opportunity for growth. We have published a series of new reports for our IGD Retail Analysis subscribers: The convenience channel’s global outlook Global growth opportunities Multiformat retailers trading convenience stores Below are some of the key highlights to help you plan for the future... Use IGD’s view to drive change...
08 April 2021
The Co-op has announced its full year results for the 51 weeks to 2 January 2021, along with an announcement on its decision to repay relief it received through the UK government’s furlough scheme. Highlights Group revenue £11.5bn (2019: £10.9bn), +5.5% vs 2019 £84m of additional Covid costs during the year (£82m supported by Government economic measures), below the £97m forecast in J...
10 March 2021
In the Closer to Co-op Q&A sessions hosted by IGD in February, we heard about Co-op’s key priorities and evolving response to COVID-19. Here we summarise some of the latest initiatives from Co-op, and how these link with our five key convenience trends for 2021. 1. Fulfilling bigger basket missions COVID-19 has seen local convenience stores meet a wider range of food and grocery needs fo...