NEWS ShopTalk T
he Co-operative has agreed to buy four Waitrose convenience stores that have been earmarked for closure by the John Lewis Partnership.
The supermarket first signed an agreement with British Corner Shop, which ships British products to over 150,000 customers spread across 146 countries, in 2016.
The group announced on Wednesday that its profits would be close to zero this year, and said five Waitrose stores would be closed, putting 187 jobs at risk. The following branches were named as being set for closure: Spinningfields, Manchester; Manchester Piccadilly; Colemore Row, Birmingham; Portman Square, London; and Camden, London. Four of those shops have now been taken on by the Co-op, which said an offer had been accepted for the purchase of Little Waitrose convenience stores in “key city centre locations” in Manchester, Birmingham and at Portman Square, London.
Meanwhile, Aldi is taking on the site in Camden, and plans to open its 37th store within the M25 by spring 2019.
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aitrose has renewed a contract which will see it offer more than 2,700 own- label products to customers worldwide through online retailer British Corner Shop.
6 August 2018
Following the success of that partnership, Waitrose has announced a two-year extension which sees British Corner Shop continue to offer a mix of the supermarket’s own-label ambient and fresh goods through its global e-commerce supply chains. As part of the tie-up, international customers will be able to continue buying Waitrose products including Waitrose Duchy Organic, Waitrose Baby, essential Waitrose and the Waitrose 1* range.
From its Bristol base, British Corner Shop ships over 2,000 Waitrose products to 146 countries, and in 2017 delivered over 1.4 million Waitrose biscuits to the British expat community worldwide.
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cado has seen its share prices skyrocket thanks to recent tie-ups, despite expectations it will reveal a drop in earnings next week.
to drop from £45 million to £43.5 million.
Its slight slip in sales is expected thanks to disruption caused by the weather earlier this year, but this has not dented traders’ confidence in the retailer.
After entering the FTSE 100 for the first time, its share prices have rallied, rising over 260% in the last 12 months.
This has been driven by numerous deals aiming to develop customer fulfillment centres across Europe, alongside a recent landmark deal with US firm Kroger.
Other deals include tie-ups with Canada’s Sobeys and French supermarket chain Groupe Casino, seeing Ocado provide them with its Ocado Smart Platform system, which automates picking and packing orders.
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Analysts have predicted that the online grocer will report sales growth of 11.7% for its first quarter, down from 11.6% three months prior, while half year earnings are expected
ostcutter has rebuffed a £15m takeover approach by the Co- operative Group that would have created a grocer with more than 4,000 shops.
The offer was rejected several weeks ago and would have formalised the relationship between the two brands. They struck a wholesale agreement in November after the collapse of supplier Palmer & Harvey. While the bid was rejected, Costcutter owner Bibby Line is understood to have left the door open to further talks.
“The talks are not live, but could be again very soon,” one source commented.
It has been suggested that Bibby Line, a conglomerate with interests
in construction equipment hire, financial services and shipping, was prepared to consider offers worth at least £50m.
Disclosure of the approach from the Co-op could pave the way for offers from other suitors, according to retail analysts.
The Co-op’s approach came amid a wave of consolidation in the sector. Tesco has announced an alliance with the French chain Carrefour and recently completed the £3.7bn takeover of the wholesaler Booker, while Sainsbury’s is working on a £15bn merger with Asda.
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popular discount store could be opening up to five new stores in Somerset.
Farmfoods, a Scottish family business that started out as a butchers in Aberdeen and now owns 300 stores across the UK, is looking to open up new stores in some major Somerset towns.
The popular supermarket has published wish lists of locations where it is actively looking to open new shops.
In addition to frozen food, the store sells groceries, chilled foods, bread, milk, fresh fruit and vegetables along with a range of household items.
www.acr-news.com
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