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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Jun- 2024 -4 JuneNews
Co-op unveils new partnership with Bonmarché
Co-op and Bonmarché have unveiled a new partnership as value fashion outlet launches inside Co-op’s new-look Louth store. Louth’s Co-op, located in Northgate, Louth, has undertaken a 12-week programme of works and improvements, with the major makeover including the introduction of the 3,000 sq ft Bonmarché store which marks the…
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May- 2024 -22 MaySupermarkets
Co-op unveils ‘ambitious’ sustainability targets
The Co-operative has unveiled new and “ambitious” sustainability targets, which includes reducing carbon emissions across the supply chain. This comes as Co-op has already hit its original greenhouse gas target early, ahead of its official 2025 goal. These new sustainability targets, which are aligned to the retailer’s credit facilities, aim…
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20 MayNews
Today’s news in brief-20/5/24
Asda reported a robust financial performance for Q1 2024, with a 6.6% increase in total revenues (excluding fuel) to £5.3bn and a 1.4% rise in like-for-like sales. The supermarket chain saw notable growth in its George at Asda clothing line and homewares, with the latter boosted by the new Stacey…
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20 MaySupermarkets
Asda revenues surge to £5.3bn in Q1
Asda has reported a 6.6% increase in total revenues (excluding fuel) to £5.3bn and 1.4% growth in like-for-like sales for the first quarter ended 31 March. The supermarket’s continued growth in total revenues, like-for-like sales and margin improvement in food and non-food includes a particularly strong contribution from George at…
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7 MaySupermarkets
Co-op opens new branch in New Romney
Co-op has opened its newest store to serve and support the community in the market town of New Romney, Kent. Located in Littlestone Road, New Romney, the 2,250 sq ft convenience store has created 16 local jobs and includes an in-store bakery, Costa Coffee Express machine, customer car parking, and…
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Apr- 2024 -26 AprilNews
Today’s news in brief-26/4/24
The Office for National Statistics (ONS) has reported a significant rise in shoplifting offences in England and Wales, reaching over 430,000 cases for the year ending December 2023—an increase of more than a third compared to the previous year. This marks the highest level in two decades. The ONS suggests…
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26 AprilPeople Moves
Co-op appoints new property, development and estates director
Co-op has appointed Rachel Hargreaves as its new director of property, development and estates in a bid to boost its strategic growth plans. Joining Co-op from Lidl GB, Hargreaves’ position involves a focus on ensuring Co-op is at the “forefront of landowners, developers and agents minds as the go-to convenience…
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25 AprilNews
Co-op urges communities to call on PCC to tackle retail crime
Co-op is urging employees, member-owners and communities blighted by retail crime to write to their Police and Crime Commissioners (PCC) candidates and call on them to commit a crack-down on criminals. The retail industry has seen an unprecedented rise in retail crime driven by repeat and prolific offenders, and ahead…
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23 AprilSupermarkets
Supermarket sales jump 3.3% as inflation continues to fall
Overall take-home grocery sales rose by 3.3% over the four weeks to 14 April as grocery price inflation also continued to fall to 3.2%, according to the latest data from Kantar. Kantar said the decline has been aided by a significant increase in promotional spending, with items bought on offer…
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22 AprilSupermarkets
Asda profits soar 24% to £1.1bn amid sales boost in FY23
Asda has seen adjusted EBITDA after rent soar by 24% to £1.078bn in FY23, largely driven by like-for-like sales growth and the impact of strategic acquisitions, after the group welcomed four consecutive quarters of growth.For the year ending 31 December 2023, like-for-like sales (excluding fuel) rose by 5.4%, which Asda…
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