Co-op eyes up major south-west and Wales expansion bid
New £8 million investment in stores in Cornwall and Somerset areas and £11m investment in new stores and refurbs in Wales
The Co-operative Group has outlined plans to significantly increase its food store presence in the south west of England and Wales by opening another 100 stores during 2016. It will invest around £8 million opening at least 10 stores in the south-west at sites in Somerset, Wiltshire, Devon, Dorset and Cornwall.
The retailer currently has 300 stores in the region, with the group’s chief executive Richard Pennycook saying: "We are delighted to be making such a significant investment in the south west of England.
"New stores, more jobs, innovative partnerships with local suppliers and a £125 million investment nationally in lowering the price of everyday essentials is great news for customers and communities across the south-west and beyond. It's a positive sign that we are getting on with the job of rebuilding the Co-op for our members."
A further 10 outlets will be opened this year in Wales as part of an £11m investment which also includes refurbishing 12 existing stores in the region. The new outlets include openings in Tenby, Cardiff, Wrexham, Rossett, Machen, Bryncoch, Bodelwyddan, Rhos-on-Sea and Llanharan.