Co-op opened 12 new stores in the first three months of 2016

MANCHESTER, England, 2016-Apr-06 — /EPR Retail News/ — We opened 12 new stores in the first three months of 2016, investing over £8 million and creating 240 jobs for local people. Our new shops can be found all over the country – from Blackpool and Glasgow, to north London and Newhaven – providing communities with award-winning food at fair prices and support for local good causes.

We also signed just under 40 contracts, ensuring that we continue to build our new store development programme for the rest of the year and beyond. Around a quarter of these are for sites in London and the South East, two key areas of growth for us.

“Our new store programme is really starting to gain momentum now,” comments Rob Bignold, Head of Acquisitions and New Store Development. “We plan to open another 100 shops this year, a target which is unrivalled by any other UK retailer. The sheer size of our ambition is making the industry sit up and take notice of us, which is fantastic to see.”

New store openings planned for April include Inverary and Rosneath in Scotland, St. Helens and Northwich in the North West and Iver in the South East.

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Opening of new Co-operative food store in Ancaster. Store opened by manager Stuart Wallis (in dark suit) and pupils from Ancaster C of E Primary School. Helping to cut the ribbon are Ashlee Hayter aged 10, Oscar Kerry-Dutton aged 6 and Emily Maughan aged 6.

Opening of new Co-operative food store in Ancaster. Store opened by manager Stuart Wallis (in dark suit) and pupils from Ancaster C of E Primary School. Helping to cut the ribbon are Ashlee Hayter aged 10, Oscar Kerry-Dutton aged 6 and Emily Maughan aged 6.

Co-op Food strengthens its acquisitions team with three senior appointments

MANCHESTER, England, 2016-Feb-03 — /EPR Retail News/ — The Co-op Food’s Property team has stepped up its recruitment drive, making three senior appointments to support its ambitious plans for growth in 2016 and beyond.

The new Lead Regional Acquisitions Managers – James Harrison, David McQuaker and Simon Finlay – join the Co-op’s 20-strong Acquisitions team, and will play a key role in delivering the business’s vision of opening around 100 new stores in 2016.

James will be covering central England, David will lead on Scotland and the north of England and Simon is focussing on the South. Together they have around 55 years’ experience in the retail property sector and have worked for some of the UK’s leading retail businesses, including William Hill, Morrisons and Tesco.

Simon Finlay said: “The Co-op is a truly special business with a rich history and unique commitment to local communities, but what really drew me to the role was the size of the opportunity. We delivered nearly 100 convenience stores last year, far more than any other retailer, and to be part of such a big acquisitions program is very exciting. I’m looking forward to seeing what this year brings.”

Rob Bignold, Head of Acquisitions and New Store Development, said: “We are delighted that Simon, David and James have joined the team. Whilst other retailers are scaling back their expansion plans, the Co-op continues to expand to meet consumer demand. Our new store programme has really started to gain momentum now, and these three bring the skills and experience we need to realise our vision to be the number one convenience store operator in the country.”

The Co-op is actively seeking freehold or leasehold sites of up to 10,000 square foot gross and businesses with net sales areas of over 1,500 square foot. In return, landlords, developers and agents can expect competitive rent and terms and a quick response.

To find out more about the team, visit our website.

SOURCE: Co-operative Group Limited

The Co-operative Corporate media contacts
Russ Brady
Head of Group PR
Landline: 0161 767 4295
Mobile: 07880 784 442
Email: russ.brady@co-operative.coop

The Co-op opens new convenience store in Central London; its 110th store in a year

MANCHESTER, England, 2015-11-19 — /EPR Retail News/ — The Co-op this week opened its 110th new convenience store in 12 months when it launched a new store in central London.

The new shop in Shepherds Bush is part of an ambitious store development program that will see a further 120 stores opened in 2016.

David Roberts, Director of Estates Services, said: “The Co-operative Food has a clear and exciting vision which is to establish itself as the number one convenience store operator, providing a strong customer offer in communities across the UK.  As part of this strategy our acquisitions and refit programme is fundamental to its success.

“In the last 12 months we have carried out over 110 new store launches and over 250 store refits, investing millions in the estate. It’s comfortably the biggest store opening programme the business has undertaken.  We have a particular focus on London and the South East, which is an area that presents numerous exciting opportunities for expansion – and our plans address this.

“Whilst other retailers are scaling back their expansion plans or exiting the convenience sector, the Co-op continues to open new stores.”

Rob Bignold, Head of Acquisitions and New Store Development at the Co-op, said, “These are exciting times for our Acquisitions Team as we continue with our ambitious plans to expand our store estate. As a community retailer we are uniquely placed to engage with local people throughout the planning process.

“With an even bigger target for store openings in 2016, we are actively seeking freehold or leasehold sites, including existing businesses, right across the UK. We are flexible in our requirements and offer quick decisions to agents, developers and owners.“

The Co-op is responding to the consumer changes which is seeing more people shopping little and often, conveniently – shoppers buying for tonight, or for the next two or three, days, rather than shopping for the week or month.

Many people, living busy lives, decide what to eat just a few hours in advance, spontaneous shopping and a shift in social and lifestyle agendas has led to a growing number of people planning meals less and turning to shopping little and often.

The convenience market is currently worth £37.7bn and is projected to grow by 17 per cent to be worth £44.1bn in 2020, increasing its share of the total market from 21.2 per cent in 2015 to 22 per cent in 2020.

SOURCE: Co-operative Group Limited