The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
700 jobs Number of planned job creations
Announcement Date
9 April 2015
Employment effect (start)
Foreseen end date
30 April 2016
Description
Food retailer the Co-op has announced plans to open 100 of its smaller convenience stores across the UK within the next year. In total this is expected to create 700 full-time and part-time jobs. 200 of the jobs will be in Scotland where 25 of the new stores will be based. Half of the new stores will be based in South East England. The mutual already operates 2,796 stores across the UK and in addition to the new premises will refit 255 stores over the next year. The decision to open more stores follows the announcement that operating profits increased by 1.6 per cent in the year to January 2015.
Sources
9 April 2015: Daily Record
Citation
Eurofound (2015), Co-op, Business expansion in United Kingdom, factsheet number 79369, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79369.
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