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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.