EconomyHigh StreetSupermarkets

Co-op set to open ‘record number’ of stores and refits

The Co-op will be opening 30 new food stores and refurbishing seven existing properties from its current portfolio in the London region.

The first phase of new stores will be located in Walthamstow, Colliers Wood Station, Cricklewood, Colindale Station and Paddington.

Peter Batt, Co-op divisional managing director, said it’s an “incredibly exciting” time for the Co-op in London as we “gear up” to launch and refit a record number of stores across the capital.

He added: “Our new store launches and refits, together with our ever growing range of locally-sourced produce and increasing member numbers put us in a strong position for the future as we look towards further expansion in 2019 and beyond.”

This comes amid a serious investment scheme from the retail brand, which also saw a £50m investment to cut the cost of everyday food, lowering the prices of more than 600 products.

It attributed the decision to “tight competition” on the high street, with some products being lowered in price by over 40%.

Jo Whitfield, Co-op Retail chief executive, said: “Many shoppers feel the pinch after Christmas and we are committed to offering our customers value for money and cutting prices to make household budgets go further.

She added: “We have the ambition for our stores to be at the heart of local life, bringing communities together and offering our members and customers great quality products when and where they need them.”

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