Co-op news

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...
02 February 2021
The GB market grew 12.2% in the 12 weeks to 24 January, according to latest results from Kantar. As restrictions once again increased, the online and convenience channels continued to benefit the most from changes in shopping habits. Increased restrictions drive up spend A combination of the festive season and the reintroduction of lockdown restrictions drove growth. With dining out no long...
28 January 2021
Winners have been announced for the 2020 Retail Industry Awards, in a virtual ceremony postponed by the pandemic. The awards celebrate success across the UK retail sector from the largest multiples to independent convenience store operators. Judging was carried out by an independent panel of judges that included representatives from IGD. Lidl named Supermarket of the Year Lidl was awar...
22 December 2020
Bestway Wholesale has announced it has agreed a deal to acquire Costcutter Supermarkets Group (CSG) from Bibby Line Group for an undisclosed amount. Taking annual turnover to nearly £3bn The acquisition, which will complete on approval from the Financial Conduct Authority (FCA), will see Bestway Wholesale’s turnover reach almost £3bn. It will also take the symbol, franchise, and company sto...
14 December 2020
Co-op has announced plans to replace its entire fleet of fossil-powered home delivery vans with electric versions. 200 diesel vans phased out by 2025 The move indicates Co-op’s commitment to accelerate zero emissions deliveries and reduce its total greenhouse gas emissions by half by 2025. The retailer intends to use initially Renault Kangoo EVs. However, the choice of model might change...
08 December 2020
Lidl, B&M and Amazon have become the latest retailers to repay business rates relief received from the UK government and devolved administrations during the pandemic. The announcements follow the decision by Tesco to repay the relief last week and subsequent moves from Sainsbury’s, Asda, Morrisons and Aldi . In total the relief set to be repaid by grocery retailers has now reached £1.9bn. L...