UK-based food retailer Co-op is planning to open 30 new food stores and refurbish seven existing stores in the Greater London region with a £28m investment.
The investment is reported to be part of the company’s store expansion plan for this year, which is expected to create 600 new jobs in the region.
The new stores will initially be opened in Walthamstow, Colliers Wood Station, Cricklewood, Colindale and Paddington.
The new stores will primarily focus on fresh and healthy foods, meal ideas and essentials.
Co-op divisional managing director Peter Batt said: “It’s an incredibly exciting time for the Co-op in London as we gear up to launch and refit a record number of stores across the capital.
“As well as being hubs for the local community, our stores are committed to providing a consistently brilliant in-store experience, allowing customers living in busy urban areas to get what they want, when they want.
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By GlobalData“We’re very proud of how much we’ve achieved last year and our membership message really seems to be striking a chord with shoppers.”
Local community groups will also receive funding through the Co-op’s new Membership scheme.
Batt added: “We now have over 330,000 members in the capital who together have helped us to raise almost £3m for 1,000 good causes since we launched our new membership scheme last September. Just by swiping a membership card, people can make a real difference to local life and become a co-owner of their local Co-op.
“Our new store launches and refits, together with our ever growing range of locally sourced produce and increasing member numbers put us in a strong position for the future as we look towards further expansion in 2019 and beyond.”