Retail news round-up: Co-op to give £15m rewards to members, Oui set to launch first store in the UK, and RR Spink & Sons in deal with Sainsbury's
Co-op plans for £15m of rewards
The Co-op is planning to provide £15m to customers through its new membership plan, The Belfast Telegraph reported.
Under the membership scheme launched in September, members purchasing own-brand products and services will receive a 5% reward with an additional 1% being donated to local good causes.
When a member spends £40 a week on own-brand groceries they will earn more than £100 a year with more than £20 going directly to local causes.
Oui set to open first store in the UK
Oui is planning to open approximately 10 franchise stores in the UK in 2017, Drapers reported.
The German womenswear brand is in discussions with prospective partners, targeting locations such as Guildford and Oxford, and Fulham and Maida Vale in London.
The brand owned a store in the UK in the 1980s but shut it in the 1990s to focus on wholesaling to independent retailers.
The company’s managing director Alon Junger said: “We don’t want to go back down the route of owned stores.
“It’s better to partner with entrepreneurs who are entrenched in their local communities.”
Oui plans to open 30 to 35 franchise stores in the UK over the next two to five years.
RR Spink & Sons strikes deal with Sainsbury’s
RR Spink & Sons, Scotland’s oldest fishmonger, has secured a debut deal worth £60,000 with Sainsbury’s, The Scotsman reported.
Under the deal, hot smoked salmon and rainbow trout products will be stocked at 30 Sainbury’s stores in Scotland.