Co-op
This coverage examines Co-op’s operations, strategy, and role within the UK retail and convenience sector. Reporting covers store performance, product ranges, sustainability initiatives, community programmes, financial results, and leadership decisions. Focused on commercial and operational impact, it offers insights for retail executives and managers engaged in grocery, convenience, and ethical retailing.
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Sep- 2024 -12 SeptemberNews
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to £30m from £59m. Total revenue rose 2% to £5.2 billion, with Waitrose seeing a 5% sales increase. Investment in transformation, including new stores and digital initiatives, remains robust. PwC’s latest data reveals a rise in shop…
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12 SeptemberSupermarkets
Co-op triples member deals for remainder of 2024
Co-op has announced it has tripled its member deals, launching more than 100 new offers every month until the end of the year. The member deal offers, which launched in April, will reach 5.5 million customers, according to the group. The move marks a 252% increase on the number of member…
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Aug- 2024 -20 AugustSupermarkets
Co-op to invest in over 600 early years apprenticeships
The Co-op, along with other members of The Royal Foundation’s Business Taskforce for Early Childhood, is spearheading an intervention to invest in over 600 early years apprentices. It comes as the UK is grappling with a shortage of health visitors and midwives, with the existing childcare system also being widely…
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8 AugustNews
Today’s news in brief-8/8/24
Deliveroo has reported a return to profit in the first half of the year, with earnings reaching £1.3m, a significant turnaround from a loss of £82.9m in the previous year. This success was driven by enhanced consumer retention and expanding partnerships with retailers. Key metrics include a 6% increase in…
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8 AugustNews
Co-op extends 30-year partnership with Wincanton
Co-op has announced a five-year contract extension with logistics provider Wincanton, building on over three decades of successful collaboration between the two companies. Under the new five-year agreement, Wincanton will continue to act as a partner to Co-op, providing facilities management and distribution services from 340,000 sq. ft. The…
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Jul- 2024 -24 JulyNews
Iceland boss calls for review of supermarkets’ restrictive covenant ban
Iceland managing director Richard Walker has urged the new Labour government to review the ban for supermarkets to use restrictive covenants in property deals. In a LinkedIn post, Walker claimed that “legal tricks” have been used in the past by German-owned supermarkets Aldi and Lidl to prevent competition on retail…
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12 JulySupermarkets
GCA warns Amazon it must comply with Groceries Supply Code of Practice
The Groceries Code Adjudicator (GCA) has told Amazon that it must take “swift and comprehensive” action to demonstrably comply with the Groceries Supply Code of Practice in its new 2024 annual survey. According to the GCA’s 2024 annual survey, while the number of suppliers experiencing a code issue fell from…
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5 JulyNews
Today’s news in brief-5/7/24
The British Retail Consortium (BRC) has urged Keir Starmer and the Labour Party to swiftly address their campaign promises after their overwhelming victory in the general election, securing over 400 seats with a majority of around 170. The Confederation of British Industry (CBI) congratulated Starmer, stressing the importance of delivering…
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5 JulySupermarkets
Co-op partners with Walmart on new online fulfilment tech
Co-op has announced a partnership with Walmart Commerce Technologies that will see it implement online fulfilment technology – store assist – to enhance the colleague and customer experience, as well as support its quick commerce growth ambitions. It comes as Co-op has ambitions to reach more than one third share…
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Jun- 2024 -19 JuneNews
Today’s news in brief-19/6/24
UK inflation has hit its target for the first time in almost three years, with consumer price inflation easing to 2% in May, down from 2.3% in April. The Bank of England last reached this target in July 2021. The Office for National Statistics attributes the decline primarily to falling…
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