Archive of all The Co-op articles – Page 84
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Kwik Save buys Somerfield stores
Troubled discounter Kwik Save has acquired 45 stores from Somerfield for an undisclosed sum. The chain, which has been hit by a series of problems this year, said that it had secured additional investment to finance the deal. However,...
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Net sales set todouble
A grocery retailer with sales exceeding those of Waitrose or Somerfield. That will be the size of the internet grocery market in the next five years as its value more than doubles, a new report seen exclusively by The Grocer reveals. The...
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Europa: new grey venture
Three former Somerfield heavyweights have launched an ambitious new wholesale and distribution venture to introduce new brands to the UK and take the grey ethics out of grey market sourcing. Europa Brands was launched on 1 October by...
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'Somerfield was a confused business'
Somerfield has pulled the plug on its Market Fresh and Essentials formats and wound up its franchising trials as its newly bedded-in management states its ambition to become the "local grocery store" of choice. It will also go all out to...
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In Brief: New Co-op members; Scheme shortlisted; Nutrition group
New Co-op members More than 33,000 people have signed up to become members of The Co-operative Group since its relaunch six weeks ago. The group is owned by its approximately two million members. Scheme...
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Mason appeals to the empty nesters
It has taken Paul Mason a little more than six months as chief executive of Somerfield to be able to sit down and reveal to the press his master plan for the "confused business that was trying to be Tesco rather than itself". As part of...
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Top-Up shop
Who we visitedWelcome co-op, Cooden Sea Road, Bexhill on Sea, East Sussexesso on the run, Hampton Court, Surreymace, Newton Park, Four Winds, Belfastspar Crawley Avenue, Crawley, West Sussextesco express,...
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Co-op criticised for closing rival stores
The Co-operative Group has been accused of trying to create a monopoly after buying two rival stores in rural Northumberland and closing them down.Councillors said the move would mean higher prices for shoppers in Seahouses and Belford...
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Somerfield to be challenged over job losses
Disgruntled Somerfield staff facing redundancy following store closures could decide to legally challenge their former employer. Solictor David Royden said a number of Somerfield staff had contacted him for advice following the recent...
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Sainsbury's buys five Somerfields
Sainsbury's has snapped up five stores from Somerfield as it accelerates its expansion programme.The move comes as Sainsbury's opened a new distribution centre for its northern convenience stores on the back of increased volumes from...
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Wincanton awarded Somerfield contract
Logistics firm Wincanton has won a £900m contract to be the sole provider of logistics services for Somerfield.Wincanton already manages nine sites for Somerfield, but under the new contract, it will also manage the supermarket group's...
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Top-Up shop
Who we visitedCo-Op, united Norwest society Longridge, LancashireLondis Boundary Road, West Bridgford, Nottinghamwoodfords-nisa Chester Road, Stockport, Greater Manchestertesco express Bawtry Road,...
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In Brief: No Euro Tesco Metro; Co-op acquisition; Teen drinking
No Euro Tesco Metro Tesco cannot use the Metro name in Europe outside the UK, having lost a trademark battle with German retailer Metro. The Court of First Instance in Luxembourg overruled an earlier decision in Tesco's favour. It...
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Price Survey
Asda is the cheapest supermarket for the fourth time in as many weeks, with a basket price of £55.08. Our results also show that while Somerfield has fallen back down to sixth place on our table, Tesco has still not been able to claw...
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United Co-op: sales up but tough times ahead
United Co-operatives' sales and profits rose in the first six months of the year, but the society faces a tough six months ahead in the face of intensifying competition in the market, according to its chief executive. Figures for the 26...
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Price Survey
Asda is the UK's cheapest supermarket for the third week in a row. In a tight race, Asda's basket price of £46.42 came in barely cheaper than Somerfield's total of £46.86. Tesco was third at £47.24, or 1.8% more than Asda, followed by Morrisons,...
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Can the new buying alliance really work?
Did Martin Beaumont, chief executive of the Co-operative Group, know something when he chaired the ACS conference in Blackpool several years ago and said he foresaw more upstream collaboration between independent retailers? Last week's news that...
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Rivals buy into alliance
Two of the high street's biggest rivals, The Co-operative Group and Spar UK, have joined forces in a buying alliance to reduce the cost of own label goods and give them a more competitive position in the market. The companies are pooling...
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"Two high street competitors have put aside their rivalry and found a way to work together to the benefit of all"
It's not often you get invited to a secret rendezvous at a Heathrow hotel with two of the biggest names in the industry. So when I got a call to meet The Co-operative Group's Guy McCracken and Spar's Jerry Marwood at a Holiday Inn near the...
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No decision yet on Co-op rebranding
The Co-operative Group has dismissed reports that fellow co-op societies have rejected its plan for a single identity for the movement. So far, only MidCounties has confirmed that it will take part in the The Co-operative Group-led...