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Co-Op plans 100 new stores in £200m investment programme for 2019

The Co-Op plans to open 100 new UK food stores during 2019, building on its convenience strategy to get closer to its members and customers. The retailer also plans to invest in major refurbishment at a further 200 stores, as part of a £200m store investment programme.

Around a third of the new stores will be located in London and the South East of England, reflecting a recent investment by the Co-Op in a distribution centre in Bedfordshire to support growth around the M25.

The retailer has been a keen exponent of expanding its physical store network, opening 100 new stores per year for four consecutive years. Locations identified for new stores this year include Berwick Street in London’s Soho, and sites in Chiswick, Greenwich, and Ilford.

“Shifts in consumer shopping trends has seen ease, speed and convenience continuing to rise in importance for time-pressed shoppers,” says Co-Op director of portfolio and development Stuart Hookins. “The right location and range tailored to fulfil the shopping needs of a community is a cornerstone of our approach.