All Co-operative Group articles – Page 5
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Analysis
Analysis: Can a new strategy transform the Co-op’s flagging fortunes?
With inflation still on the rise, the UK economy in freefall and customer confidence at an all-time low, the Co-op has unveiled a new strategy. Will it be enough to stop the rot at the c-store specialist?
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News
Co-op profits drop in ‘highly challenging’ market
The Co-op has suffered a decline in profitability as it battles to cut costs and shore up its balance sheet.
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News
Co-op suffers double blow as food and Nisa bosses exit
The Co-op has looked internally for a replacement after former food boss Jo Whitfield made the decision not to return to the retailer after her sabbatical.
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Analysis
Retail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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Opinion
‘Asda is hitting the road in convenience retailing – the £600m Co-op deal proves it’
Both Asda and the Co-op have gained from the sale of the latter’s petrol forecourts to the big-four grocer, but one looks more likely to benefit in the long term than the other, writes Hugh Radojev
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News
Asda seals £438m deal for Co-op’s petrol forecourt business
Asda has confirmed plans to buy the Co-op’s portfolio of 132 petrol station forecourts in a £438m deal.
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News
Updated: Asda frontrunner to buy Co-op forecourts business
The Co-op is in talks to offload its forecourts business for about £450m to cut debt and improve its balance sheet.
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News
Co-op names Shirine Khoury-Haq as permanent chief executive
The Co-op has appointed Shirine Khoury-Haq as its new permanent group chief executive.
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News
Food price inflation hits record levels as shoppers trade down to own brand
Food prices have hit a new record high, forcing shoppers to turn to own-label products in a bid to save cash.
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Analysis
PM for a day: What M&S, Co-op and AO’s leaders would do in the top job
As Rishi Sunak and Liz Truss challenge each other for leadership of the Conservative Party and the country, all eyes are on them for solutions to pressing problems such as the cost-of-living crisis.
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News
Co-op pens fresh Deliveroo deal to offer home delivery from 110 more shops
The Co-op has extended its partnership with Deliveroo for a further three years amid plans to roll out the service to 110 additional stores across the UK.
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Opinion
‘Beset by issues, does the Co-op face a blip or a full-blown crisis?’
C-store specialist the Co-op has spoken recently of the need to make its business more efficient and cost-effective in the short term in light of spiralling costs.
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News
The Co-op to axe 400 head-office jobs
The Co-op has blamed the current “tough trading environment” as it unveiled plans to axe 400 roles at its Manchester head office
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News
Supermarket sales grow for first time in over a year as food prices soar
Grocery sales have increased for the first time in more than a year – but experts have warned that “near record-breaking” food inflation will shift shopper behaviour in the coming months.
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Interview
How the Co-op’s Jo Whitfield is shaping a safer, more diverse sector
As Whitfield is named Retail Activist at the Retail Week Awards 2022, we take a look at her work to change the law around shopworkers’ safety and champion underrepresented voices
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Opinion
‘Food insecurity is a reality for many, and the fear is it will only get worse’
Mitigating higher costs for consumers while ensuring food supply chains remain sustainable is a fine balance, says Co-op Food co-managing director Matt Hood.
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News
Retailers call for business rates cut to help battle cost-of-living crunch
A coalition of leading retailers and trade bodies has launched a ‘Cut the Shops Tax’ campaign, arguing for a business rates reduction to combat inflationary pressures and protect industry jobs.
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News
Co-op targets 50% online growth in challenging year to come
The Co-op aims to notch up 50% online sales growth this year as it bolsters its multichannel operations.
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News
Co-op profits plunge as supply chain disruption takes toll
The Co-operative Group has reported a steep fall in annual profits after its performance was hit by “food supply chain disruption during system transformation”.
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Opinion
‘The Co-op’s leadership jigsaw is still missing major pieces’
The Co-op has sparked shock and confusion over the past six weeks after a series of changes to its senior leadership team. Editor Luke Tugby asks whether there is more than meets the eye to a tumultuous time in Manchester