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- 2023 -19 AprilPeople Moves
Matalan appoints new chief customer and omni-channel officer
Matalan has announced the appointment of Ali Jones as its new chief customer and omni-channel officer, effective from today (19 April). Jones, who was the customer and community director at the Co-operative from 2018 to 2022, will be responsible for establishing a new customer function within the retail group. According…
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5 AprilSupermarkets
Co-op profits hit £247m but warns on future impact of inflation
Co-op has seen its revenues surge £300m to £11.5bn, up from £11.2bn, for the year ended 31 December 2022. Alongside this the company posted a pre-tax underlying profit of £247m up from £57m in 2021. Furthermore, the retailer maintained the same underlying profit number of £100m compared with last year.…
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3 AprilPeople Moves
Co-op chair Allan Leighton set to step down
Co-op chair Allan Leighton is set to step down from his role due to corporate governance rules. In February 2024 Leighton will have been chair of the group for nine years meaning he must step down. According to the Telegraph, Co-op has hired City headhunting firm Odgers Berndtson to find…
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Mar- 2023 -28 MarchSupermarkets
Supermarket sales up 8.6% as grocery inflation hits 17.5%
Take-home grocery sales increased 8.6% over the most recent 12 week-period as grocery price inflation reached record levels. According to the latest figures from Kantar, grocery price inflation reached 17.5%, adding £837 to the average household’s annual bill, with prices rising fastest in eggs, milk and cheese. Across the retailers,…
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28 MarchNews
Matalan appoints new CEO and chair
Leading omnichannel fashion and homeware retailer Matalan has announced the appointment of Jo Whitfield OBE as CEO of the company and Karl-Heinz Holland as chair. Holland previously spent 23 years at Lidl Group, six of those as CEO. He also served as CEO of DIA Group, a leading network of…
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15 MarchNews
Asda’s purchase of Co-op’s petrol stations could increase prices, CMA finds
The Competition and Markets Authority (CMA) has revealed that Asda’s acquisition of 132 petrol stations owned by Arthur Foodstores Limited could cause competition concerns in 13 UK locations. Arthur is a special purpose transaction vehicle created by Co-operative Group Limited, the Co-op, to sell its 132 petrol stations, with attached…
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8 MarchPeople Moves
Co-op hires new chief financial officer
The Co-op has announced the appointment of Rachel Izzard as chief financial officer and a member of the Co-op Group board. Izzard will take up the position from current interim CFO Mike Hazell. Prior to this role, Izzard held a number of senior leadership and CFO positions, including IFA Cargo,…
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Feb- 2023 -23 FebruaryClothing & Shoes
Former Co-op chief emerges as frontrunner to become Matalan CEO
Jo Whitfield, the former Co-op supermarkets chief, has reportedly emerged as a frontrunner to run Liverpool-based fashion retailer brand Matalan, according to Sky News. The outlet reports that following her decision to step down as the Co-op’s food chief last year, Whitfield is now in detailed talks with Matalan’s new…
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1 FebruarySupermarkets
Grocery Price inflation hits record 16.7%
Grocery price inflation hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest level since it started tracking the figure in 2008. Overall take-home grocery sales rose by 5.7% during the 4 week period and by 7.6% over the 12 weeks. Aldi was…
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Jan- 2023 -25 JanuaryFeatures
What makes a successful retail leader?
It is undeniable that the retail industry has gone through a rollercoaster of a year; footfall has mostly stayed low despite business owners’ attempts at luring customers to the high street and an unprecedented rise in the cost of living has made consumer discretionary spending more discerning. Under these circumstances,…
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