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- 2021 -27 AprilSupermarkets
Grocery sales rise 5.7%
Take-home grocery sales rose 5.7% for the 12 weeks to 18 April 2021, according to data analytics and brand consulting company Kantar. The group’s figures also show a 6.5% growth for the four-weeks prior to 18 April, reflecting increasing consumer confidence in physical retail. Kantar found that the over-65 community…
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23 AprilSupermarkets
Co-op management restructuring to impact 2,000 jobs
The Co-op retail chain is set to alter its store management structure, impacting 2,000 staff members in the process. The group will axe the role of team manager across the majority of its stores from April, leaving the sites to operate with a store manager, team leader, and customer team…
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15 AprilGovernment
MPs take evidence on violence against retail workers
The Home Affairs Committee opened its inquiry into violence against retail workers yesterday (14 April), with MPs taking evidence from industry leaders, trade associations and unions. The new inquiry will examine the “barriers” to reporting incidents and the quality of support provided to victims by police and employers, as well…
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8 AprilHigh Street
Co-op to repay £15m furlough relief as profits rise to £77m
The Co-op has revealed it will repay £15.5m of the Covid relief it received from the government’s furlough scheme but will retain what it received in business rates support. The news comes after it reported a bumper rise in profits after tax and discontinued items for the year to £77m.…
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6 AprilDepartment Stores
John Lewis to reopen stores
John Lewis has confirmed that it will reopen its shops in England and Wales on 12 April following the latest government guidance. The group will also reopen its newly refurbished Edinburgh shop on 14 May and plans to reopen its Glasgow shop from 26 April. After more than three months…
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Mar- 2021 -31 MarchPeople Moves
Co-op’s Matt Atkinson to step down
The Co-op has announced that Matt Atkinson is stepping down from his role as chief customer and membership officer at the group. Atkinson will leave the position at the end of June 2021, following a four year stint that saw him unify the business around the Co-op brand and position…
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30 MarchSupermarkets
Grocery sales growth slows in Q1 2021
Grocery sales reportedly rose 7.4% during the 12 weeks to 21 March 2021, representing a slowdown in growth as sales are annualised against 2020 spending. According to research conducted by Kantar, sales across the most recent four weeks marked a 3% year-on-year decline. The study found that although shopping had…
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29 MarchSupermarkets
Nisa cuts retail prices as part of £2m investment
Nisa has announced that it will invest £2m into cutting wholesale prices. The grocer, which is a subsidiary of the Co-operative group, said the move would allow its “partners to remain competitive”. According to Nisa, the investment has reduced the wholesale price of many Co-op own brand products, including chicken…
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25 MarchHigh Street
Over 50 retailers pledge to improve diversity
Over 50 retailers have signed up to a Diversity and Inclusion (D&I) charter led by the British Retail Consortium (BRC) and pledged to take “decisive action” to improve diversity practices across the retail industry. The businesses said they will focus on oversight, recruitment, progression, reporting, inclusivity and responsibility. They pledge…
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19 MarchSupermarkets
Co-op further extends franchise portfolio
The Co-operative Group has opened its 15th franchise site with the launch of its Cornwall Services store, as the group reportedly aims to double its franchise portfolio by the end of the year. The convenience retailer has now partnered with a number of diverse franchise owners, including independent retailers, university…
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