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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Jul- 2018 -23 JulyHigh Street
McColl’s CFO resigns amid ‘most challenging six months’
McColl’s CFO, Simon Fuller, has resigned amid the firm’s “most challenging six months” during which profits almost halved. Although the British convenience store retailer saw total revenue increase 19.2% year-on-year to £601.7m, attributed to the 2017 acquisition of around 300 Co-op stores, McColl’s reported profits of £2.3m down from the…
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16 JulyAdvice
Waking up to the opportunity of digital signage
Against a backdrop of declining footfall in retail, it’s hardly surprising that we’re starting to see more innovative approaches from retailers looking to drawing in customers. And one such tactic is the rise in the number of retailers opting for digital screens to lure in shoppers. A great case in…
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9 JulySupermarkets
Costcutter rejects Co-op’s £15m takeover bid
The parent company of Costcutter, Bibby Line, has rejected a £15m bid from the Co-op which would have resulted in a full takeover of the company’s convenience stores. The deal would have seen Co-op become a retail business with over 4,000 stores, up from circa 2,500. It is understood the…
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3 JulyGovernment
FRC launches investigation into KPMG’s last Conviviality audit
The Financial Reporting Council (FRC) has launched an investigation into the most recent audit by KPMG of the financial statements of Conviviality. The FRC is investigating the audit of the now defunct off-licence retailer that covered the 52 weeks ending 30 April 2017. The investigation will be conducted under the…
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Jun- 2018 -29 JuneSupermarkets
Tesco joins Amazon and Microsoft ‘checkout-free’ war
Tesco has announced it is trialling new till-free technology as it looks to take on Amazon and Microsoft, which have also been carrying out checkout-free tests. The British supermarket has been trialing the equipment in its Welwyn Garden City branch where its head office is based. The new technology allows…
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26 JuneEconomy
British grocery market sees two years’ consecutive growth
Britain’s grocery sector has grown for two consecutive years, according to the latest grocery market share figures from Kantar Worldpanel for the 12 weeks to 17 June 2018. The figures published today, 26 June, showed supermarket sales have risen for 25 consecutive months and now stand at 2.1% compared with…
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May- 2018 -11 MayAnalysis
The death of the UK high street
The high street as we know it is dead. Boring stores are dead. Or if they are not dead yet, they will be if retailers do nothing. The high street started to decline because retailers saw firstly that out-of- town, and then online were what customers wanted. It’s always driven…
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3 MaySupermarkets
Nisa members attempt to stop Co-op takeover
A group of 30 members of Nisa have hired a lawyer to help them try to halt the takeover by Co-op. The takeover is expected to go through following the court sanction after the Competition and Markets Authority (CMA) cleared the deal last week. The takeover was approved on the…
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Apr- 2018 -24 AprilHigh Street
Co-op’s £143m takeover of Nisa cleared by CMA
The Co-op’s £143m takeover of Nisa approved by the Competition and Markets Authority (CMA), subject to a court sanction on May 4. The Nisa board voted in favour of the proposal by Co-Op in November 2017 and the deal is hoped to be completed by 8 May. In a joint…
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12 AprilNews
Rise in profits for Central England Co-operative despite “challenging trading environment”
Central England Co-operative has announced its year end results, to 27 January 2018. Gross sales and operating profit were up compared to the previous year despite the Society operating in “a challenging and highly competitive trading environment.” Growth at the member-owned co-operative business has been driven by continued strong sales…
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