The Co-op news and analysis – Page 81
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News
East of England Co-op posts 11.4% profit rise
The East of England Co-operative Society plans to update its stores after posting an 11.4% rise in profit, chief executive Richard Samson said last week.The society, which is the third-largest independent consumer co-operative in the...
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Wincanton puts in rival offer for TDG
Supply chain specialist Wincanton, which has contracts with the big four, Waitrose, Somerfield and The Co-operative Group, has tabled a £229m bid for rival logistics company TDG.The bid, at 281.25p a share, beats a rival offer earlier...
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Co-operative Group to trial in-store banking
The Co-operative Group, which is currently in talks to buy Somerfield, is planning to test a range of banking services in its food stores later this year in an attempt to bring together its diverse portfolio of businesses.Over the next...
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Eco-friendly household range arrives at Co-op
The Co-operative Group is the latest retailer to launch an environmentally friendly household range as the trend for eco-products gathers pace.The seven-strong Co-operative Ecological brand, which hits shelves this week, includes laundry...
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Co-op removes carrier bags from checkout to reduce use
The East of England Co-operative Society and Plymouth & South West Co-operative Society have announced plans to reduce carrier bag usage in their stores.The East of England Co-op, which operates 135 food stores across Norfolk, Suffolk...
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Top-Up shop
Who we visited budgens Teddington, Middlesexco-operative late shop Aston-cum-Aughton, South Yorkshireco-op welcome Banchory, Aberdeenshirefelpham bazaar Felpham, West Sussextesco express...
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Top-Up shop
Who we visited budgens Teddington, Middlesexco-operative late shop Aston-cum-Aughton, South Yorkshireco-op welcome Banchory, Aberdeenshirefelpham bazaar Felpham, West Sussextesco express...
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Suppliers fear being left in limbo by sale of Somerfield
Somerfield suppliers are concerned they could lose business if the 900-store supermarket chain is sold.The Co-operative Group revealed last week it was in "serious discussions" to buy Somerfield and hoped to secure a deal by the summer....
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Calon Wen bags on TV
Calon Wen is launching a Wales-wide TV advertising campaign to promote the benefits of its bagged milk.The Welsh organic milk co-op introduced local milk packed in an eco-bag in 43 Tesco stores in the principality this week. To back the...
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Co-op plans 400 new stores within the next three years
The Co-operative Group, which is currently in exclusive talks to buy Somerfield, has set out ambitious plans to open 400 new stores in the next three years. Speaking exclusively to The Grocer, Tim Hurrell, head of food retail designate...
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Midcounties Co-op profits soar by 11%
Midcounties Co-operative Society has reported an 11% increase in trading profit to £12m on sales up 20% to £712m for the year to 31 January.The figures were boosted by last year's purchase of Stars News Shops, Rusts and Chalfont...
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Co-op clashes with Soil Association
The Co-operative Group is at loggerheads with the Soil Association over its plans for air freighted produce.The Soil Association has called for air freighted produce to meet tough ethical trading standards but the Co-op Group has argued this...
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Co-op water helps Africa
The Co-operative Group has launched an online pledge to encourage customers to promise to always choose ethical mineral water over standard mineral water when shopping at its stores.The Water Pledge follows the relaunch of the society's...
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Is the Co-op about to join the grocery big league?
It was the worst-kept secret, but at last, Peter Marks, chief executive of The Co-operative Group, has confirmed what everybody knew: that it is in talks to buy Somerfield, the UK's fifth-largest grocery retailer from its backers: private equity...
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Marks says Co-op may keep hold of all 900 Somerfields
The CEO of The Co-operative Group, Peter Marks, has not ruled out keeping hold of all of Somerfield if it bought the chain.The society confirmed this week it was in "serious discussions" to buy the retailer. It was conducting due...
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Co-op Group confirms Somerfield talks
The Co-operative Group has confirmed it is in talks to buy Somerfield, as its food stores report full-year like-for-like sales growth of 4.6%.Peter Marks, CEO of The Co-op Group, confirmed the society was in serious discussions with...
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Deal to buy Somerfield won't be done just yet
Reports that The Co-operative Group could secure a deal to buy Somerfield within the next week are wide of the mark, The Grocer has learnt.The society was in exclusive talks to buy Somerfield but a deal was still some time off, a source...
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Somerfield and Woolworths team up in convenience trial
A tie-up between high street retailer Woolworths and Somerfield has surprised analysts in light of its potential sale.The chain revealed it would launch a convenience-focused food trial in three Woolworths stores in the next six months....
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Co-op buys stores from Sainsbury's
The Co-operative Group has bought 10 former Bells and Jacksons stores from Sainsbury's, adding 17,500 sq ft of selling space.It plans to invest almost £2.5m in rebranding and refurbishing the stores, which will be converted to its...
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Integration boosted by EPoS revamp
The Co-operative Group will spend £8.3m on a revamp of its EPoS system following its merger with United Co-operatives.Some 550 Co-op food stores will be fitted with the InControl EPoS system, which is already used in 1,650 Co-op Group...