The Co-op news and analysis – Page 79
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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...
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One postcode left for Tesco
Tesco has stores in all but one postcode area of the UK after buying three stores in the Northern and Western Isles of Scotland.The stores were bought from Somerfield and expands the supermarket giant's reach into every postcode area of the...
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Plymouth & South West to trial The Co-operative fascia
Plymouth & South West Co-op has decided to adopt The Co-operative fascia in a major u-turn for the society.It plans to pilot the fascia, first launched by the Co-operative Group in 2005 at its Chaddlewood store in...
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Bond: online and Living are taking priority over c-stores
Asda boss Andy Bond has insisted that c-stores are not a part of Asda's growth plans - but refused to be drawn on its rumoured bid for neighbourhood and high street chain Somerfield."I am agnostic on c-stores," said Bond, speaking at a...
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First Fairtrade lolly launched by The Co-op
The Co-op is launching a raft of premium lollies and ice creams under its Truly Irresistible label to tap into the growth in luxury desserts.The lollies, which include Fairtade pineapple, mango and banana smoothie sticks, have a healthy...
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First Milk: 'Pay more so farmers can invest'
First Milk is calling on dairy farmers to be paid a higher price that allows the industry not just to subsist but to grow.A report from the farmer-owned co-op claims producers needed to be paid 29.64ppl to be profitable. Farmers...
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What the papers said - 8th March 2008
Somerfield's shareholders may be forced to accept a break-up bid for the group. Barclays Capital, Apax Partners and property tycoon Robert Tchenguiz had hoped to secure an offer for the business, but a break-up was more likely, the paper reported....
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Somerfield revamps lines to shake off top-up shop image
Somerfield is overhauling its premium and healthy own-label ranges in an effort to challenge consumer perceptions it is just a top-up shop.It has launched dozens of new products in its Best Ever and Healthy Choice ranges after it...
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Welford at helm of Somerfield buying
Somerfield has promoted Guy Welford to head of buying in the convenience chilled category. Welford has been buyer for in-store bakery, pre-packed cheese, butters, spreads & margarines, but his most recent role was as buyer for milk,...