Mutual reports half-year pre-tax profit of £58m despite soaring wage bill and rising cost of theft at retail stores
The Co-operative Group has laid bare the impact of shoplifting as it said the cost of crime in its stores soared by almost 20% to £40m in the first half of the year.
The member-owned mutual has spent £18m so far this year on measures to protect staff in its food business, including rolling out body-worn cameras and fortified kiosks.
Continue reading...Report by Co-op Funeralcare highlights shift towards unusual venues, pets at services and glittery coffins
Traditional sombre funerals in religious settings are increasingly being replaced by “celebrations of life” with personal touches held at more unusual locations in the UK, according to a study.
Dr Who-themed farewells, glittery coffins and mourners dressed in football shirts are among requests received by funeral directors.
Continue reading...Some fans of A Boogie Wit Da Hoodie were already at the arena, which has been beset by delays, when the gig was called off
The troubled Co-op Live arena has again cancelled its opening concert at the last minute because of a “technical issue”.
The US rapper A Boogie Wit Da Hoodie’s show was supposed to be the first official event at the 23,500-capacity Manchester venue, after several shows were cancelled or postponed in the past two weeks.
Continue reading...Chain signs up 1m new members and invests more than £90m in cutting prices
Despite record levels of shoplifting in its food stores, the Co-op increased profits in its grocery business last year as it signed up 1 million new members and invested more than £90m in cutting prices, including introducing special discounts for members.
Profits rose 11% year on year to £154m despite a 6.4% fall in sales to £7.3bn, driven by the sale of the Co-op’s petrol forecourt chain to Asda. Underlying sales rose 4.3%, excluding the impact of that deal, although that was still well behind the pace of grocery inflation.
Continue reading...With a lower carbon footprint than gas-fired cremation, the process is described as ‘gentler on the body and kinder on the environment’
For anyone uneasy at the thought of their body being consumed by flames or interred in an insect-teeming grave, a new funeral choice is about to become available: water cremation.
The process of dissolving a body in a bag in 160C water treated with an alkali will become available in the UK from this week – the first new legal method of disposing of cadavers since the Cremation Act of 1902. It has been described as a “boil in the bag” funeral.
Continue reading...Motion to adopt Better Chicken Commitment carried by 96%, but directors cited need for low prices
Feathers are flying at the Co-operative Group after thousands of its members voted to improve welfare for chickens reared for meat at the annual meeting on Saturday – but were partly overruled by the company’s directors, who said they wanted to keep prices down.
A motion led by the Humane League UK campaign group asked the mutual to adopt the Better Chicken Commitment (BCC) – a set of standards adopted by the likes of Waitrose, Marks & Spencer and the Greggs bakery chain – and report on welfare improvements in a year’s time. It was supported by 96% of the 32,000 Co-op members who voted at the AGM.
Continue reading...The group blamed rising inflation for job losses as it vows to protect shoppers from higher prices
The Co-op Group is cutting 400 jobs at its head office in Manchester as the retailer said it faced tough trading conditions amid rising inflation.
The job cuts come after the Co-op, which employs more than 63,000 people including 4,000 at its head offices, warned in April of continuing problems with food supplies and inflation after its annual profits more than halved amid supply chain disruption and higher staff wages.
Continue reading...UK consumers urged to use their judgment rather than chuck away products that are safe to eat
The Co-op is removing use-by dates from its own-brand yoghurt in an attempt to address the problem of millions of pots that are still safe to eat being wasted each year.
Instead, starting next month, the Co-op’s own yoghurts will carry a best-before date, with shoppers encouraged to “use their judgment” to gauge if they are edible. About 42,000 tonnes of yoghurt – £100m worth – is thrown away in British homes each year because it is out of date, according to the food waste charity Wrap. Half are dumped in unopened packs.
Continue reading...Aldi, Asda, Co-op, Iceland, Lidl, Marks & Spencer, Sainsbury’s, Tesco and Waitrose run ads back-to-back on Channel 4
A group of leading UK supermarkets have joined together to take a stand against a racist online backlash that followed Sainsbury’s Christmas advertisement featuring a black family.
Aldi, Asda, Co-op, Iceland, Lidl, Marks & Spencer, Sainsbury’s, Tesco and Waitrose ran their adverts back-to-back during two primetime slots on Channel 4 on Friday evening, with the hashtag #StandAgainstRacism. Normally, competitors actively avoid airing their ads close together.
Continue reading...As committed and hardworking supporters of fair trade for almost 30 years, we feel your correspondents (Letters, 27 July) missed the point of “The death of fair trade?” (The long read, 23 July) which showed how large corporations are trying to circumvent fair trade and undermine the highly successful Fairtrade mark with their own “fairly traded” and the like. Rest assured, the Fairtrade mark remains an absolutely trustworthy guarantee of internationally agreed standards.
Tim Gossling blames the EU for “not allowing” the production of Divine chocolate in Ghana. This is not true. The EU is primarily a trading bloc, it imposes tariffs on products from outside that bloc. That’s what trading blocs do. It benefits UK manufacturers and farmers, too. No wonder the TUC, CBI and NFU are all appalled at the thought of similar tariffs being slapped on our products after Brexit.
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