UK: Co-op unveils £1 billion investment plan

Co-oper, the UK grocery retailer, has announced a £1 billion ($1.27 billion) “Backing Britain” investment plan which includes the opening and refurbishment of approximately 100 stores over the next year.

The mutual retailer revealed that the substantial financial commitment involves a combination of network expansion, pricing strategy and supply chain support. Specifically, Co-op plans to invest in 100 sites across the UK in the next 12 months, a figure comprising new openings, relocations and refits. As part of this immediate expansion, 50 new or transformed stores are scheduled to open before Christmas 2025.

Beyond physical expansion, the £1 billion figure encompasses a major investment in value, with price reductions planned for over 1,000 products. Furthermore, the retailer has pledged to spend over £700 million ($889 million) annually with British farmers, maintaining its commitment to 100% British sourcing for fresh meat and dairy.

Co-op Group CEO Shirine Khoury-Haq commented: “Today’s Budget provides the clarity and certainty that small shops and local communities have been waiting for. Backing Britain reflects our belief that responsible business must play its part in the country’s recovery and future growth”.

Source: ESM / Co-op