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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Feb- 2024 -6 FebruaryNews
Today’s news in brief-6/2/24
Revolution Beauty has settled a dispute with its former CEO and co-founder, Adam Minto. Minto will pay the company £2.9m over six years, starting with a payment of £483,333.35 due in March. The settlement follows delays in the company’s financial reporting during Minto’s tenure. Both parties agreed to settle without…
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6 FebruarySupermarkets
Co-op calls for more effective use of Apprenticeship Levy
Co-op has called for private and public sector organisations to collaborate to ensure the Apprenticeship Levy is used more effectively to support young people. It comes as it was revealed this week that millions of pounds of funds remain unspent and have been returned to the central government, due to…
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6 FebruaryNews
Asda to open 110 stores in February
Asda will open 110 Asda Express convenience stores in February – a record for a single month – to accelerate its growth strategy in convenience and put it firmly on track to reach 1,000 UK stores in total for the first time. The supermarket will convert 109 former convenience stores…
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1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
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1 FebruarySupermarkets
Co-op launches UK’s first convenience retail media network
Co-op has officially launched the UK’s first retail media network in the convenience sector, in an effort to help brands reach new and wider audiences, while improving advertising relevancy for its shoppers. The launch aims to bring together the retailer’s in-house team and its long-term retail media agency partner Threefold…
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Jan- 2024 -25 JanuaryNews
Co-op launches sustainability pilot for farmers
Co-op has announced a pilot scheme to financially reward farmers in its beef supply chain for sustainable farming practices. In partnership with its supplier Dunbia, the convenience retailer outlined plans to rapidly decarbonise its supply chain in a new ‘Beef Sustainability Pilot’, which will see farmers rewarded for reducing their…
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24 JanuaryNews
Today’s news in brief-24/1/24
The Chair of B&M, Peter Bamford, has confirmed his retirement this calendar year after serving in the role since March 2018. An executive search firm has been appointed to initiate the recruitment process for a new chair, led by senior independent director Tiffany Hall. While no retirement date has been…
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24 JanuarySupermarkets
The Co-op to increase member-owners to 8 million by 2030
The Co-operative is looking to substantially increase the number of members-owners from five million to eight million by 2030. This new target follows the release of data, which showed that momentum in Co-op membership continued to grow significantly ahead of expectations. The Co-op now has five million active member owners,…
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22 JanuarySupermarkets
Co-op opens new convenience store in Swansea
Co-op has opened its newest store to serve and support the community of Pontarddulais, Swansea. The new 2,500 sq ft convenience store, which is located on St Teilo Street, opens between 7am and 10pm daily and has created 15 local jobs. Designed to serve and support the community, the store…
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19 JanuaryNews
Asda to roll out 21 new stores by the end of January
Asda has announced that it will be adding 21 new convenience stores to its estate by the end of this month, with five opening their doors today (19 January). The announcement comes as the retailer continues its programme to convert the convenience stores acquired from the Co-op and EG Group…
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