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 -25 AprilNews
Co-op urges communities to call on PCC to tackle retail crime
Co-op is urging employees, member-owners and communities blighted by retail crime to write to their Police and Crime Commissioners (PCC) candidates and call on them to commit a crack-down on criminals. The retail industry has seen an unprecedented rise in retail crime driven by repeat and prolific offenders, and ahead…
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23 AprilSupermarkets
Supermarket sales jump 3.3% as inflation continues to fall
Overall take-home grocery sales rose by 3.3% over the four weeks to 14 April as grocery price inflation also continued to fall to 3.2%, according to the latest data from Kantar. Kantar said the decline has been aided by a significant increase in promotional spending, with items bought on offer…
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22 AprilSupermarkets
Asda profits soar 24% to £1.1bn amid sales boost in FY23
Asda has seen adjusted EBITDA after rent soar by 24% to £1.078bn in FY23, largely driven by like-for-like sales growth and the impact of strategic acquisitions, after the group welcomed four consecutive quarters of growth.For the year ending 31 December 2023, like-for-like sales (excluding fuel) rose by 5.4%, which Asda…
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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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