In a
association with th
NEWS ShopTalk T
he Co-op has spent more than £25 million opening 30 new stores in the UK across
November and December.
commercial property sites of up to 5,000ft² – a strategic move to add smaller stores to its estate also seen by Morrisons, according to Collier’s UK Grocery Real Estate Review for 2019.
The Leeds-based retailer is said to be expanding cautiously in ‘pioneering locations’ by
Defying the trend for shrinking property estates, the grocer has focused new locations at transport hubs and residential apartments, creating up to 500 jobs in the process. The retailer said all of its new stores will run on 100% renewable electricity.
Co-op portfolio director, Stuart Hookins, said: “Ease, speed and convenience continue to rise in
importance for today’s time-pressed shopper – and, our focus is all about selecting the right location to deliver what our members and customers want, need and care about, conveniently.”
The Co-op added that it was looking to “freehold or leasehold”
opening food only stores in certain locations where they currently lack representation and a gap in food store provision exists.
New results from Kantar
Worldpanel showed Lidl had reached a market share high of 6.1%, bringing it neck-and-neck with the Co-op.
S
ainsbury’s has seen Rhian Bartlett return to the
supermarket as director of fresh food. Reporting to Sainsbury’s
commercial director Paul Mills-Hicks, Ms Bartlett previously worked with Screwfix where she was customer and digital director.
Prior to that, she spent nearly three years at eBay as the senior director of UK trading.
Ms Bartlett originally worked with Sainsbury’s from 2006 to 2015 in the roles of category manager, head of online merchandising and business unit director for non-food grocery. Mr Mills-Hicks said: “We are delighted to be welcoming Rhian back to Sainsbury’s. She has extensive experience and will be a key member of the commercial leadership team as we further enhance our food business and focus on offering customers quality t aff ordable prices.”
products at aff ff M arks & Spencer is
reportedly about to launch a review of around 20 of
its largest stores, which could lead to downsizing schemes as it pushes on with its turnaround strategy.
According to This Is Money, the retailer could potentially convert the upper floors of these stores into
residential or office space. M&S has reportedly put together a team led by asset management director Andrew Turton and head of asset management Abhimanyu Agarwalla to lead the review.
Plans are also reportedly in place to hire a finance manager and specialist surveyor.
It is not yet clear which 20 stores would be affected by the review, should it go ahead, but it’s thought that the Marble Arch flagship in central London would be on the table.
With 160,000ft² of selling space, the Marble Arch store is M&S’s biggest, comprising seven floors while also being home to M&S’s staff train ing accommodation and a press showroom.
Other location s being considered are reportedly in city-centre
locations and the stores affected are expected to continue trading as M&S on lower floors.
M&S has already made a raft a store closures across the country as part of its turnaround strategy, while its more recent store openings have been much smaller.
Bond 6 www
www.bond-group.com
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