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.
-
Nov- 2024 -25 NovemberNews
Asda appoints ex-CEO as new chair
Asda has announced the appointment of former CEO Allan Leighton as new executive chair, succeeding Stuart Rose who has served as chair since 2021. Leighton has led a number of UK and international consumer businesses, including serving as a chief executive of Asda from 1996 to 2001, president of Loblaw…
Read More » -
13 NovemberSupermarkets
M&S overtakes Waitrose in Middle England ahead of Christmas
Marks and Spencer has overtaken Waitrose for the first time in Middle England ahead of the Christmas season, according to the Telegraph. Unpublished market data seen by the Telegraph revealed that M&S surpassed Waitrose and every other supermarket in sales growth over the last month. According to the recent Kantar…
Read More » -
12 NovemberSupermarkets
Supermarket sales hit 2024 high as shoppers ready for Christmas
Take-home sales at the grocers increased by 2.0% over the four weeks to 3 November 2024 to reach £11.6bn, making this the biggest sales month of the year so far, according to the latest data from Kantar. The take-home sales rise coincided with a jump in the number of shopping…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More »
