Co-op to open 100 new stores in UK with £200m investment

3 January 2019 (Last Updated January 3rd, 2019 11:11)

British retailer Co-op has announced plans to open 100 new food stores as well as remodel 200 additional stores during this year as part of its £200m investment programme.

Co-op to open 100 new stores in UK with £200m investment
Co-op will open 100 new stores in 2019. Credit: Co-operative Group Limited.

British retailer Co-op has announced plans to open 100 new food stores as well as remodel 200 additional stores during this year as part of its £200m investment programme.

According to the company, the total investment will create around 1,500 new local jobs.

The retailer will establish one third of the total 100 new stores across London, including Berwick Street, Soho, Chiswick, Greenwich, Ilford, Queens Par as well as the South East. It will also open new food-to-go format stores at Baker Street Station and in a railway arch at the Minories.

In addition, the retailer will unveil more than 40 new or improved stores across Scotland including in Alford, Aberdeenshire, Banchory, Edinburgh, Falkirk, Forres, Galston and Glasgow.

“Connecting communities and bringing people together is at the heart of the Co-op.”

The retailer also plans to open around ten new stores in Wales including in Cardiff, Carmarthen, Hendreforgan, Machen, Pen Y Groes, Prestatyn and St. Athan.

Co-op Portfolio and Development director Stuart Hookins said: “This year (2019), will be the fourth consecutive year of opening around 100 new stores, and investing in a core convenience estate which has seen over four years of consecutive like for like sales growth.

“Connecting communities and bringing people together is at the heart of the Co-op. Our strategy is to offer the products members and customers want, need and care about, closer to where they live and work.

“With a focus on looking for new sites which support our ambition to operate at the heart of local life, and deliver our value and values which make a difference in our communities.”

Furthermore, Co-op plans to open its recently announced £45m 661,000ft2 distribution depot in Bedfordshire in 2022. It is expected to create 1,200 jobs and will support the retailer’s growth.