The Co-op has plans to open 100 new food stores during 2019 as it builds on its convenience strategy to get closer to its members and customers.
In addition to opening new stores, the retailer – which has seen over four years of consecutive like-for-like convenience growth – will provide major makeovers for a further 200 stores. The Co-op’s combined £200M store investment programme could lead to around 1,500 new local jobs.
Around one-third of the community retailer’s new stores are planned for London and the South East. This move follows last month’s announcement that Co-op had agreed terms for a new 661,000 sq.ft. distribution depot located just off the A1 in Bedfordshire – the new £45M depot is intended to support the retailer’s continued growth in and around the M25 belt. It is expected to open in 2022, itself creating up to 1,200 jobs.
This is the fourth consecutive year that Co-op has opened 100 new stores or more, including a focus on key city centre locations, transport hubs, university campuses and, new communities in high rise residential developments.
The stores all have a focus on fresh, healthy foods, food-to-go, award winning wines, meal ideas and essentials. With a hard hitting ethical strategy which sets out a recipe for sustainability including its commitments to source responsibly and tackle plastic pollution as well as food waste, healthy eating, saving energy and trading fairly.o