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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Nov- 2023 -20 NovemberSupermarkets
Co-op reopens Stornoway store following renovation project
Co-op has relaunched its Stornoway store on MacAulay Road, following a multi-million-pound renovation project. The near 22,000 sq ft store, which supports over 100 local jobs, is the largest in the group’s estate and has a focus on serving and supporting the island community. The renovation programme commenced in August…
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17 NovemberSupermarkets
Co-op relaunches New Ash Green store following nine-week refurb
Co-op has reopened its store in New Ash Green, Kent yesterday (16 November), following a nine-week programme of works and improvements. The near 7,000 sq ft store – located on The Row, New Ash Green – supports approaching 30 local jobs, and opens between 7am-10pm between Monday and Saturday, and…
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15 NovemberNews
Today’s news in brief-15/11/23
Central Group, a Thai conglomerate and co-owner of Selfridges, has reportedly become the largest shareholder by converting a €364m loan into equity. This move follows reports of financial troubles at Signa Group, the other key shareholder. Restructuring efforts were initiated due to rising borrowing costs and falling property valuations. Selfridges,…
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15 NovemberSupermarkets
Asda cuts debt as Q3 sales slow
Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while also revealing it has seen its sales slow during the period. In the three months to the end of September, the supermarket paid off the £200m loan it took out…
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7 NovemberSupermarkets
Grocery price inflation hits single digits for first time this year
Grocery price inflation has fallen below 10% for the first time since July 2022 and now sits at 9.7% for the four weeks to 29 October 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period rose by 7.4% compared with last…
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Oct- 2023 -23 OctoberNews
Today’s news in brief-23/10/23
John Lewis is facing criticism from city planners over its affordable housing plans. Initially, the company aimed to make 20% of the housing in its Bromley development affordable. However, recent revelations indicate that only 10% of the flats will be designated as affordable. The Greater London Authority’s Planning Unit deems…
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23 OctoberNews
Police to unveil new ‘zero tolerance’ plan to tackle shoplifting
Ministers, police and retailers have agreed on a new “zero tolerance” plan to crack down on the increase in shoplifting crimes, The Sunday Times has reported. It is understood that police chiefs will reveal plans on how they intend to tackle shoplifting at a summit in Downing Street today (23…
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10 OctoberNews
Today’s news in brief-10/10/23
Grocery price inflation has fallen for the seventh consecutive month, reaching 11% for the four weeks ending on October 1, 2023. This is the lowest rate since July 2022, based on data from Kantar. During this period, take-home grocery sales increased by 9.1% compared to the previous year, likely influenced…
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10 OctoberSupermarkets
Grocery price inflation falls for seventh consecutive month
Grocery price inflation has fallen for the seventh month in a row to 11% for the four weeks to 1 October 2023, the lowest rate since July 2022, according to new data from Kantar. Over the period, take-home grocery sales rose by 9.1% compared with last year, as people enjoyed…
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9 OctoberNews
Today’s news in brief-09/10/23
Frasers Group CEO Michael Murray has announced a significant shift away from the traditional department store model for House of Fraser. Murray aims to “rethink the space” by incorporating Frasers Group’s own brands and potentially phasing out the House of Fraser brand altogether. This transformation seeks to address previous issues,…
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