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The Co-operative - Verdict Company Briefing

The Co-operative - Verdict Company Briefing - new company profile report published


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2012-12-10 23:32:18 - The Co-operative - Verdict Company Briefing - a new company profile report on companiesandmarkets.com

Initially formed in 2000, The Co-operative Group has grown as a result of several acquisitions and mergers. In July 2008 it agreed a £1.57bn deal to acquire Somerfield, which was completed in March 2009. The Co-operative has since been working through a transition programme to convert 747 of the 880 Somerfield stores to The Co-operative fascia, while the remaining 133 stores were disposed of.

Report Scope

- Benchmark your performance in food & grocery with detailed key performance indicators across sales and space data for The Co-op
- Plan your expansion strategy by understanding how and where The Co-op has increased its store portfolio, and the impact this has had on densities
- Discover how The Co-op has grown its visitor share with detailed

 

 

consumer data, and assess the impact this has had on market share and sector sales

Key Highlights

Peter Marks announced his plans to leave the business in May 2013. Mr Marks has been widely regarded as a catalyst for the growth seen at The Co-operative in recent years, spearheading the integration of Co-operative Wholesale Society and Co-operative Retail Services, and the merger with United Co-operatives which created The Co-operative Group.

The acquisition of Somerfield made The Co-op the fifth largest grocer in the UK behind Morrisons. However the gap between the two will widen from 4.0 percentage points in 2009, to 5.4 in 2013. At the same time upmarket grocer Waitrose is gaining fast on The Co-op, with its gap of 2.5 percentage points in 2009 set to fall to just 0.8 in 2013.

The Co-op acquired David Sands, a Scottish convenience chain with 28 stores, in November 2011. As of June 2012 three David Sands stores had been rebranded and opened with the Co-op fascia. Scotland is a region where the Co-op has previously had little exposure and the acquisition is a strong one for the retailer, as it allows it to expand quickly

Reasons to Buy

- How will The Co-op´s food & grocery sales grow in 2013, and what impact will this have on market share
- What are The Co-op´s plans for expansion over the coming years, and how will this contribute to sales growth
- What does The Co-op need to do in order to claw back the market share it has lost since the Somerfield takeover

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Author:
Mike King
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