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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Apr- 2024 -11 AprilNews
Dobbies appoints new strategy and business development director
Dobbies, the UK’s leading garden centre retailer, has strengthened its senior leadership team with the appointment of Rajesh Gupta as strategy and business development director. Gupta qualified as a chartered accountant with KPMG and has 20 years of experience in retail working in strategy, business development and customer roles with…
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4 AprilNews
Today’s news in brief-4/4/24
In March, UK retail footfall experienced a modest increase of +1.7% compared to February, signalling a stabilising trend according to MRI data. Retail parks led the rise with a +4.3% increase. Despite mid-month declines, the week leading to Easter saw footfall rise by +10.3%. Although impacted by weather and holiday…
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4 AprilSupermarkets
Co-op profits fall despite strong performance from food business
Co-op has revealed its group annual pre-tax profits decreased to £28m for 2023, down from £268m the previous year, as the sale of its forecourt business and a challenging economic environment impacted performance. It comes as group revenues also decreased to £11.3bn, down from £0.5bn the previous year. However, the…
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Mar- 2024 -21 MarchNews
Co-op launches ‘Best of British’ section online
Co-op has launched a dedicated “Best of British” section across its online delivery website to further demonstrate its commitment to British sourcing. The convenience retailer has added the new British section on its same-day delivery website to offer a convenient way for member owners and shoppers to browse and order…
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18 MarchNews
Central Co-op raises hourly pay amid further benefits for employees
Central Co-op has announced significant investments in its employees by raising minimum pay to £12 an hour, alongside paid breaks and a suite of additional benefits aimed at enhancing workers well-being and flexibility. The pay increase, effective from 1 April, equates to an additional £2,535 per annum for a full-time…
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11 MarchNews
Matalan unveils five new senior leadership appointments
Matalan, the fashion and homeware omnichannel value retailer, has announced the appointment of five new leaders as it continues its business transformation. The retailer has appointed a new director of online, David Seeby, to drive forward its e-commerce offer, harnessing new technology to build a best-in-class omnichannel experience for Matalan’s…
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7 MarchSupermarkets
Co-op announces Real Living Wage staff pay rise
Co-op has announced a pay increase to at least £12 per hour for store colleagues, in line with the Real Living Wage. The move represents the retailer’s biggest ever investment into pay with an increase of over 20% in the last two years for staff. From 1 April, the rate…
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1 MarchFeatures
Top security measures to combat shoplifting
Retailers have recently reported that they are increasingly dealing with a problem of shoplifting in addition to the rising cost of living issues and inflation. Police recorded 342,343 shoplifting offences in England and Wales in 2022/23, up 24% on the previous 12 months. Additionally, according to Co-op’s newly published data,…
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Feb- 2024 -29 FebruaryNews
Today’s news in brief-29/2/24
UK retail destinations saw a decline in footfall by -2.2% overall for the month. The start of February was marked by rail strikes and disruptions, though footfall initially rose by +2.9%. The half-term holiday in the third week contributed to a rise in footfall of +8.3% from the previous month,…
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29 FebruaryHigh Street
Central Co-op calls on gov to address ‘alarming rise’ in retail crime
Central Co-op is encouraging its members and customers to write to their local MPs and advocate for legislative reform that will help to criminalise assaults on shopworkers. It comes as the British Retail Consortium (BRC) recently reported that incidents of violence and abuse in retail environments have increased to over…
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