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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May- 2020 -13 MayClothing & Shoes
SCP acquires TM Lewin from Bain Capital
Private equity firm SCP has acquired Men’s retailer TM Lewin from Bain Capital for an undisclosed sum. TM Lewin currently has 66 stores in the UK with around 650 of its 700 members of staff placed on furlough. SCP has reportedly acquired the firm as a going concern and plans…
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5 MayAdvice
Supermarket Peep: a glimpse at UK shopping behaviours in the now
As we sit in our make-shift offices, attempting to keep a work-life balance and ponder where we will go on our permitted once daily exercise, it’s hard to walk past the local parade of shops or high street and not wonder when or even if normality will ever be the…
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Apr- 2020 -29 AprilOnline & Digital
Online sales reach 10% of all UK grocery spend amid Covid-19 lockdown
The share of all grocery sales made online reached 10% in the last four weeks ending 18 April 2020, according to new data from Nielsen. According to the data benchmarking firm, this is a rise from the 7.5% total recorded at the end of 2019, as UK shoppers opted to…
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27 AprilCoronavirus
Co-op expects £200m increase in costs amid Covid-19 crisis
The Co-op has warned that the Covid-19 pandemic is expected to increase its costs by over £200m. The grocery retailer also revealed it expects the increase which will be partly offset by increased food sales and the expected business rates relief announced by the chancellor. CEO Steve Murrells said no…
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14 AprilCoronavirus
Co-op launches fund to help raise £30m for those hit by Covid-19
Co-op CEO Steve Murrells is to direct his own personal income to kick-start a new Co-op Members Fund, which will be channelled into foodbanks, a funeral hardship fund and front-line community causes. The Co-op boss said he will be donating 20% of his salary over a three-month period into the…
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Mar- 2020 -27 MarchCoronavirus
Co-op fills 5,000 roles in one week
The Co-op announced it has filled 5,000 temporary store roles it created last week in just seven days after an “unprecedented response” to the recruitment drive. The 5,000 new employees will have all been inducted to the group’s network of stores by this weekend. The retailer said that those who…
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26 MarchSupermarkets
Co-op introduces ‘stricter measures’ amid Covid-19 crisis
The Co-operative has introduced new measures to enforce social distancing in stores, in a bid to protect customers and colleagues from the spread of coronavirus. The community retailer backs the government’s request for “tighter” in-store protocols and has introduced a range of measures across its 2,600 stores including floor markers…
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18 MarchNews
Morrisons ‘takes action’ amid coronavirus pandemic
Morrisons has announced its steps to take “immediate action” as the coronavirus pandemic unfolds. These include its promise for a pay guarantee for all “sick and affected” colleagues, and more flexibility around shifts and annual leave. It also announced plans to expand its online delivery capability to more than 100…
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3 MarchSupermarkets
Grocery sales increase in February
UK supermarkets saw “positive growth” in February, as total till sales increased to +0.7% in the last four weeks according to new data from Nielsen. Fast moving consumer goods (FMCG) sales at the top four supermarkets also returned to growth during the month, despite sales in general merchandise declining by…
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Feb- 2020 -4 FebruarySupermarkets
UK supermarkets see ‘disappointing’ sales growth in January
Supermarket sales grew by only 0.7% in January 2020, down from 3.3% in 2019, according to new data released from Nielsen. According to the data firm, value sales since Christmas fell at the grocery multiples by 0.3%, with volumes also down 1%. This was exacerbated by inflation, which was only…
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