Retailers/Co-op/News

Co-op news

05 April 2023
Leading UK convenience retailer Co-op has announced its full-year results for the 52 weeks to 31 December 2022, reporting revenue growth across food and wholesale. Overall, Group revenue reached £11.5bn, 3% higher than last year. Action taken at the start of the financial year has left Co-op in a strong position to face further economic challenges. These include tighter prioritisation of spend...
14 March 2023
Having opened a Phase 1 investigation into the acquisition of Co-op’s 132 petrol forecourt sites by Asda in January 2023, the Competition and Markets Authority (CMA) has announced it has found the deal raises competition concerns in 13 locations across the UK. In the 13 locations the CMA believes the businesses currently compete for customers and would not face sufficient competition after the...
10 January 2023
Co-op, the UK’s largest consumer co-operative has announced the appointment of Kenyatte Nelson to its operating board, with responsibility for the society’s marketing, brand and membership strategies; reporting directly into Group Chief Executive Shirine Khoury-Haq. His role will include supporting Co-op’s presence at UK music festivals and also the naming rights partnership with Co-op Live – ant...
20 December 2022
National convenience retailer, Co-op has announced a major new delivery partnership with Just Eat to further increase its online capacity. This means Co-op is now partnered with all three national food delivery specialists, having already adopted Deliveroo and Uber Eats services across a large number of stores. Co-op has also developed in-house delivery services, for stores where the delivery ...
01 December 2022
Having expanded to a growing number of towns and suburbs in Cambridgeshire, Buckinghamshire and Northamptonshire the Starship/Co-op robot delivery service is now to be launched as a trial in two areas of Leeds, West Yorkshire; bringing the autonomous delivery experience to the north of England for the first time. To operate from the Co-op stores in Adel and Tinshill Using the Co-op’s A...
27 October 2022
The quick commerce operator Getir have announced today that it will be starting to stock Co-op products. The trial sees Getir increase its product range with Co-op products with around 300 lines across ambient and fresh categories. Getir state that this will mean it can serve its customers better with quick meals, fresh meats, fruits, and veg, further supporting its growth in the UK. The tri...
03 October 2022
Speaking to an audience of over 900 suppliers in Manchester on 29 September, major convenience retailer Co-op has set out the future direction of its food business with a new strategic blueprint entitled ‘Pure Convenience’. Led by new Food Managing Director Matt Hood and the new-look senior team, with Adele Balmforth as Director of Proposition and Sinead Bell as Commercial Director, the business...
29 September 2022
The Co-op has launched a new food strategy, which is focused on convenience and value, following on from the announcement of its first half results, which saw the Group generate an operating loss of £20m. Co-op Food: sales +1%, operating profits down Co-op Food’s revenue increased year-on-year by 1% to £3.91 bn, aided by higher fuel sales. Like-for-like sales of food, excluding fuel, were d...
21 September 2022
Leading UK convenience retailer Co-op has announced that Matt Hood (previously Commercial Director) has been promoted to Managing Director of its Food Retail operation while Peter Batt becomes Managing Director of its Nisa wholesale subsidiary. Jo Whitfield and Michael Fletcher stepping down Matt Hood replaces Jo Whitfield, having deputized for her as the head of the Co-op retail business w...
13 September 2022
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 4 September 2022 total till roll consumer spend in Great Britain rose by 3.8%. It noted this was the third month in a row the market had seen growth, following more than a year of declines, due to challenging comparisons driven by the pandemic. Discounters benefiting from risin...