MANCHESTER, England, 2017-Aug-30 — /EPR Retail News/ — Co-op has today (29 August 2017) announced it will cut the cost of women’s sanitary products to cover the cost of the so-called ‘Tampon tax.’
A five per cent reduction will come into effect on 30 August 2017 ahead of Government proposals* to remove the VAT.
All 71 own label and branded sanitary products sold by the Co-op will be cut. Even bigger savings are available for the Co-op’s 4.5 million members who get a 5% reward** every time they buy a Co-op own-brand sanitary product. membership is open to anyone.
Andy Phelps, Director of Trading, Co-op, said:
“As a community retailer we feel it’s important to do right by our customers. That’s why we are covering the cost of the five per cent VAT on sanitary products for women who shop with us.”
Notes to editors:
*https://www.gov.uk/government/publications/vat-zero-rating-of-womens-sanitary-products/vat-zero-rating-of-womens-sanitary-products
**Millions of Co-op members receive a 5% reward on own-brand products and services with the Co-op’s membership scheme. As a member, every time Co-op branded products or services are purchased, 5% of what they pay will go into their membership account to be redeemed. In addition, a further 1% goes towards supporting community projects
Media Contact:
Craig Noonan
Head of Retail PR
M: 07702505439
T: 0161 6924284
craig.noonan@coop.co.uk
Source: coop.uk