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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Dec- 2022 -6 DecemberSupermarkets
Asda to create 10,000 new jobs
Asda has announced plans to create 10,000 new jobs over the next four years as it rolls out its Asda Express convenience store concept. The supermarket chain opened its second Asda Express Tottenham Hale, north London and confirmed its plans to open 300 more by the end of 2026. New…
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Nov- 2022 -29 NovemberHigh Street
Wilko MD steps down amid refinancing talks
Wilko has announced that its managing director Alison Hands is stepping down from her role, as she is set to take up a new role as CEO of Lincolnshire Co-op next year. It comes as The Grocer has reported that the high street retailer is in emergency talks with lenders…
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8 NovemberSupermarkets
Asda opens first ‘Asda Express’ convenience store
Asda has opened its first standalone ‘Asda Express’ convenience store in Sutton Coldfield in the West Midlands, creating 17 new jobs in the local community. A second Asda Express store will open at Tottenham Hale next month, followed by 30 sites next year, creating circa 500 new jobs. The launch…
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Oct- 2022 -31 OctoberSupermarkets
Asda completes Co-op petrol station deal
Asda has completed the acquisition of 132 grocery retail sites with attached petrol stations from the Co-op for a value of £600m. It is reported that the acquisition, which was initially announced in late August 2022 for a cash value of £438m, includes 129 “high-quality” existing sites across the UK…
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Sep- 2022 -29 SeptemberHigh Street
Co-op pre-tax profits fall to £7m
The Co-op has revealed its group pre-tax profits fell 84% to £7m in the first half of the year as it was impacted by “challenging market conditions”. It also revealed that underlying operating profit was down £33m to £18m. The firm said that in “very challenging markets” it delivered a…
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22 SeptemberPeople Moves
Co-op Food boss Jo Whitfield steps down
Co-op has announced that Matt Hood will become managing director of Co-op Food after Jo Whitfield steps down from the role. After six years with the Co-op, with over five years as Food CEO, Whitfield decided to step down and pursue her next challenge. Hood, former commercial director, will become…
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Aug- 2022 -31 AugustM&A
Co-op sells petrol forecourt estate to Asda for £600m
Co-op has agreed to sell its petrol forecourt business to Asda in a £600m deal. The enterprise value of approximately £600m, which includes a cash consideration of £438m and is also inclusive of IFRS 16 lease liabilities of approximately £162m. This transaction includes 129 petrol forecourt sites, spread across the…
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30 AugustSupermarkets
Asda eyes £450m bid for Co-op’s petrol forecourts
Supermarket group Asda is reportedly preparing to make a £450m swoop on the Co-op Group’s petrol forecourt business, according to Sky News. The outlet reports that Asda is the leading contender to buy Co-op’s fuel retailing arm, which includes a sizeable convenience operation. According to the source, a deal could…
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24 AugustSupermarkets
Co-op Group appoints Shirine Khoury-Haq as CEO
The Co-op Group has announced the appointment of Shirine Khoury-Haq as the supermarket chain’s new CEO. Allan Leighton, chair of Co-op, said: “I’m delighted that Shirine has accepted the invitation to lead and develop our Co-op into the future, tackling the challenges presented by the highly uncertain and volatile external…
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16 AugustSupermarkets
Grocery price inflation hits new peak, Kantar finds
Supermarket sales rose by 2.2% in the 12 weeks to 7 August according to the latest take-home grocery figures from Kantar, despite grocery price inflation hitting 11.6% – the highest level since Kantar first started tracking the data this way in 2008. During the period, Lidl remained the fastest growing…
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