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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Jan- 2025 -8 JanuaryNews-In-Brief
Today’s news in brief-8/1/25
Home Bargains owner Tom Morris took home over £1bn in dividends as the discount retailer saw turnover rise 11.7% to £4.2bn in the year ending June 2024, driven by new store openings and re-sites. Operating profit also surged 34.2% to £434m. Morris, owning 98% of parent company TJ Morris, received…
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8 JanuaryPeople Moves
John Lewis Partnership chief customer officer steps down
John Lewis Partnership’s (JLP) chief customer officer Charlotte Lock is to step down from her role after three years. Lock, who joined JLP back in March 2022 from the Co-op where she was director of Data, Loyalty and Digital Products, is said to be stepping down in order to pursue…
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7 JanuarySupermarkets
Average household supermarket spend hit £460 this Christmas, Kantar finds
Household spending on take-home groceries hit a record high this Christmas at £460 on average, according to the latest data from Kantar. Overall take-home sales at the grocers rose by 2.1% over the four weeks to 29 December compared with last year. It comes as Katar found that people were…
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2 January
Today’s news in brief-2/1/25
Lidl reported its best-ever Christmas performance, with turnover surpassing £1bn for the first time, a 7% increase over the four weeks to December 24, 2024. The retailer attracted over 2m additional customers, with December 23 marking its busiest day. Key contributors included the expansion of its British supply base by…
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2 JanuarySupermarkets
Co-op to open 75 new stores in 2025
Co-op has announced its plans to continue growing its estate with a planned 75 new stores to open throughout 2025 across the UK. The new stores will be a combination of Co-op estate and franchise stores. Up to 25 stores are due to be operated by the retailer as part…
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Dec- 2024 -10 DecemberSupermarkets
Supermarket sales to hit £13bn over Christmas
Supermarket sales are expected to exceed £13bn over the four weeks of December for the first time ever, according to the latest data from Kantar. The news comes as take-home sales at the grocers increased by 2.5% over the four weeks to 1 December 2024 as shoppers get ready for…
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2 DecemberNews
Co-op extends £400m sustainability-linked revolving credit facility
Co-op has announced the extension of its £400m sustainability-linked revolving credit facility for a further five years until November 2029. The extension underlines the supermarket’s commitment to a sustainable future and aligns with its sustainability and social goals targets initiated within the original facility agreement. The revolving credit facility provides…
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Nov- 2024 -27 NovemberSupermarkets
Around 92% supermarket loyalty schemes offer ‘genuine’ savings, CMA finds
The Competition and Markets Authority (CMA) has found that people who are members of a loyalty scheme can almost always make a genuine saving on the usual price by buying loyalty priced products. Having analysed around 50,000 grocery products on a loyalty price promotion, the CMA found very little evidence…
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26 NovemberSupermarkets
Asda turnaround could take 3-5 years, says incoming chair
Former Asda CEO Allan Leighton has said that a turnaround of the business could be a three to five year process, as he is set to help lead turnaround efforts in his new role as chair of the group. Speaking to The Guardian shortly following his appointment, Leighton said that his…
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25 NovemberNews-In-Brief
Today’s news in brief-25/11/24
Asda has announced the return of Allan Leighton as executive chair, succeeding Stuart Rose. Leighton, who served as CEO of Asda from 1996 to 2001, brings extensive leadership experience, including roles at The Co-op and Loblaw Companies. Rose will remain on the board temporarily to ensure a smooth transition. Under…
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