Home Commercial News Co-op to launch new 65 stores with investments of £130m

Co-op to launch new 65 stores with investments of £130m

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Co-op to launch new 65 stores with investments of £130m

Co-op is planning to open at least three new food stores each week until this year ends. These plans are to serve more new neighborhoods over the coming months. Co-op would be launching over 65 new stores and extended stores.

The launch program includes more than 100 further outlets receiving major makeovers. Under the £130m store investment program, the firm would be creating up to 1,000 local jobs. In a general scenario, new convenience stores cost around £500,000 for the Co-op with the work spread nationally.

The ability to pick and choose its new sites by Cp-op will be an advantage with vacant properties hit by lockdown. Additionally, up to 12 new Co-op franchise stores might be seen by end of this year, including those at Oxford Brookes University and Stirling University.

There’s a plan of more than 50 new stores to open by the end of the year, in areas including London, Wrexham, Leeds, Poole, and Guildford. Co-op operates over 2,600 food stores, and is owned by around 4.6m active members.

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