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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Oct- 2024 -29 OctoberNews
Spar appoints new managing director
Spar has announced the appointment of Michael Fletcher as the new managing director. With over two decades of experience, he brings a wealth of knowledge from various high-profile roles within the convenience and grocery retail sectors. Fletcher spent 22 years at Tesco plc, where he held numerous senior commercial roles…
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4 OctoberNews
Co-op to install solar panels on 700 sites
Co-op has announced its ambitions to install solar panels on a target of up to 700 sites across its food, funeralcare and logistic portfolio across the UK over the next three years. As part of its journey to increase the amount of renewable power that it directly procures, Co-op is…
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Sep- 2024 -26 SeptemberNews
Today’s news in brief-26/9/24
Morrisons has finalised a £370m deal with Song Capital, retaining ownership of 75 supermarket properties’ freehold while receiving income over 45 years. This move aims to reduce debt accumulated since its 2021 acquisition by CD&R. H&M expects to miss its 10% profit margin target for 2024 due to stagnant Q3…
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26 SeptemberNews
Co-op turns to AI to combat rise in crime
Co-op will use artificial intelligence to combat theft offenders following a spike in crimes, The Guardian has revealed. According to the grocer, in the first half of the year crime rose by almost 20% to £40m, which prompted the supermarket to spend £18m on measures to protect staff in its…
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25 SeptemberNews
Today’s news in brief-25/9/24
Asos, facing significant financial challenges, has initiated consultations to potentially cut over 200 jobs at its head office. The move comes amidst a restructuring aimed at reversing recent heavy losses, including a £120m increase in half-year losses and an 18% decline in sales. Asos plans to streamline operations and focus…
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25 SeptemberSupermarkets
Co-op returns to profit in H1 despite rise in shoplifting
Co-op has returned to profit in its half-year results, posting a pre-tax profit of £58m for the half year ended 6 July 2024, up from a loss of £33m in the same period last year.Alongside this, the company reported a small increase in revenues, which rose to £5.6bn, up from…
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19 SeptemberNews
Co-op rolls out 24-hr delivery service for city centre customers
Co-op has unveiled a 24-hour delivery service for customers living near city centre stores as the supermarket responds to growing demand for grocery delivery services. New research from Co-op shows that over 40% of q-comm shoppers would use a 11pm to 5am delivery service if available. This figure rises to…
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12 SeptemberNews
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to £30m from £59m. Total revenue rose 2% to £5.2 billion, with Waitrose seeing a 5% sales increase. Investment in transformation, including new stores and digital initiatives, remains robust. PwC’s latest data reveals a rise in shop…
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12 SeptemberSupermarkets
Co-op triples member deals for remainder of 2024
Co-op has announced it has tripled its member deals, launching more than 100 new offers every month until the end of the year. The member deal offers, which launched in April, will reach 5.5 million customers, according to the group. The move marks a 252% increase on the number of member…
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Aug- 2024 -20 AugustSupermarkets
Co-op to invest in over 600 early years apprenticeships
The Co-op, along with other members of The Royal Foundation’s Business Taskforce for Early Childhood, is spearheading an intervention to invest in over 600 early years apprentices. It comes as the UK is grappling with a shortage of health visitors and midwives, with the existing childcare system also being widely…
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