All Convenience stores articles – Page 5
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NewsMorrisons one step closer to CMA approval with plans to sell McColl’s stores
The Competition and Markets Authority has said it is “minded to accept” Morrisons’ proposal to divest 28 stores in response to competition concerns.
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Opinion‘Deliveroo’s Hop store – an Argos for food won’t revolutionise retail’
Food rapid fulfilment specialist Deliveroo promises ‘a new way to shop’ with the opening this week of the first bricks-and-mortar Deliveroo Hop convenience store.
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AnalysisAnalysis: Can a new strategy transform the Co-op’s flagging fortunes?
With inflation still on the rise, the UK economy in freefall and customer confidence at an all-time low, the Co-op has unveiled a new strategy. Will it be enough to stop the rot at the c-store specialist?
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NewsCo-op profits drop in ‘highly challenging’ market
The Co-op has suffered a decline in profitability as it battles to cut costs and shore up its balance sheet.
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NewsCo-op suffers double blow as food and Nisa bosses exit
The Co-op has looked internally for a replacement after former food boss Jo Whitfield made the decision not to return to the retailer after her sabbatical.
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Opinion‘Asda is hitting the road in convenience retailing – the £600m Co-op deal proves it’
Both Asda and the Co-op have gained from the sale of the latter’s petrol forecourts to the big-four grocer, but one looks more likely to benefit in the long term than the other, writes Hugh Radojev
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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NewsAsda seals £438m deal for Co-op’s petrol forecourt business
Asda has confirmed plans to buy the Co-op’s portfolio of 132 petrol station forecourts in a £438m deal.
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NewsCo-op names Shirine Khoury-Haq as permanent chief executive
The Co-op has appointed Shirine Khoury-Haq as its new permanent group chief executive.
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NewsCo-op pens fresh Deliveroo deal to offer home delivery from 110 more shops
The Co-op has extended its partnership with Deliveroo for a further three years amid plans to roll out the service to 110 additional stores across the UK.
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Opinion‘Beset by issues, does the Co-op face a blip or a full-blown crisis?’
C-store specialist the Co-op has spoken recently of the need to make its business more efficient and cost-effective in the short term in light of spiralling costs.
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NewsMorrisons expands international wholesale reach with British Corner Shop tie-up
Grocery giant Morrisons has expanded its global wholesale reach after agreeing a partnership with international grocer British Corner Shop
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NewsThe Co-op to axe 400 head-office jobs
The Co-op has blamed the current “tough trading environment” as it unveiled plans to axe 400 roles at its Manchester head office
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NewsMorrisons faces CMA probe into McColl’s rescue bid
The UK’s competition watchdog has launched an investigation into the takeover bid for convenience specialist McColl’s by supermarket giant Morrisons.
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NewsMorrisons blames ‘very challenging’ trading environment for sales drop
Supermarket giant Morrisons has blamed surging inflation and subdued customer sentiment for a drop in second-quarter sales.
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Opinion‘Today, retailers can harness the power of artificial intelligence in practical ways’
Applied AI can bring efficiency gains, improved decision-making and enhanced financial performance, say McKinsey’s Anita Balchandani and Louise Herring.
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NewsGrocery inflation hits 13-year high costing customers an extra £380 a year
Grocery inflation has hit a 13-year high in the month of June, with food bills on course to increase by an average of £380 a year for customers.
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AnalysisAnalysis: Basket sizes shrink and customers trade down at Tesco as cost-of-living crisis worsens
While Tesco delivered a steady set of first-quarter results, boss Ken Murphy is braced for worse to come this year as he outlined changing customer behaviour in response to soaring costs.
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AnalysisTalking Shop: Has Covid changed the layout and purpose of the store forever?
As retailers re-evaluate their store portfolios, an increasingly radical range of options and uses are being trialled by some of the UK’s biggest retail chains. In the first instalment of Retail Week’s examination of how Covid has changed the store, Mark Faithfull looks at some of the tests and pilots under way and how they might inform the next generation of stores.
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NewsMorrisons increases basic pay for all UK staff to £10.20 an hour
Morrisons has increased its base pay rates for frontline staff to £10.20 an hour across the whole UK, making it the highest-paying supermarket in the country.