nlogax
Established Member
Ta, but I'll go via what an annual report says over an individual account of one specific store.
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telstarbox
Established Member
Great insight!
d9009alycidon
Member
My wife is in mourning, local department store Watt Bros has closed up,
krus_aragon
Established Member
Making Hays while the sun shines?
DaleCooper
Established Member
Making Hays while the sun shines?
How long did it take you to cook that up?
krus_aragon
Established Member
Mere seconds. I come up with so many bad jokes (as my wife will attest) that I don't have much time to spend on making them any good.
michaelh
Member
The Co-op has given up on larger stores and is now concentrating on local "convenience" shops. These tend to be open for longer hours, but have limited ranges and very high prices - use them if you're desperate!
Yep co-op are now in the same segment as Tesco Metro, Sainsbury’s Local, Spar, Budgens, Nisa etc. A very lucrative market segment as it happens (compared to large stores).
Tetchytyke
Veteran Member
£100m operating profit is £100m operating profit.
There's a lot of chains that would kill for operating profits like that...
scotrail158713
Established Member
The Co-Op in Ormiston is one of those. If I’ve run out of milk, or fancy something to eat at night, it’s perfect for that.
I couldn’t do a big shop there though - Aldi and Asda 3 miles down the road are much better for that.
What I don’t get about local/express/metro/whatever stores is they obviously serve a purpose in smaller areas but then you get town/city centres with a billion of them all within a short walk of each other!
Knaresborough Road in Harrogate has a One Stop (Tesco), a Tesco Express for the petrol station, 2 Co Op stores and formerly 2 McColls but they seem to have given up now - all within a mile of straight road!
Knaresborough Road in Harrogate has a One Stop (Tesco), a Tesco Express for the petrol station, 2 Co Op stores and formerly 2 McColls but they seem to have given up now - all within a mile of straight road!
In London, and I suspect many other big cities, it is a key component of city living. No need for a car, eat out a fair bit, use a convenience store for ‘mini’ shops 2-3 times a week.
headshot119
Established Member
Co-Op seem to serve three distinct markets quite well.
1) The one you have mentioned serving "some bits" when people can't be bothered to head to somewhere further away, or the somewhere further away is shut.
2) The inner city / town locations, where people do a number of smaller shops in a week and eat out a fair bit.
3) The rural market where a small town like Wigton has a large Co-Op (Used to be Somerfield I think), used by people in the town and surrounding villages for a larger style of shopping, with much less frequent trips to the larger city of Carlisle for a larger shop, and items the Co-Op don't stock even in a larger store.
To be honest, even versus Tesco Express, the prices aren't dissimilar.
cactustwirly
Established Member
Co-Op are more expensive than Tesco Express, especially for milk.
Incidentally my local Co-Op turned into a Budgens over the summer
headshot119
Established Member
Not so much up here, that said, it does vary around the country.
underbank
Established Member
The small co-ops are an excellent alternative to the likes of Spar, Londis etc for those who aren't close to Tesco/Asda/Morrisons, etc.
We've a Spar shop in our village and it's dire. Very expensive unless you want what they have on offer that week. Also very poor range of fresh fruit & veg, and also pretty poor for tins/packet foods. It's really just an off licence that sells bits of other things. Loads of village OAPs shop there and say it's very expensive and limiting for them. Parking is also a pain as you have to park on the main street which is already narrow and congested.
A Co-op is being built and we can't wait. They've already built one in a village a few miles away and one in a small town near us. Each has a decent sized car park, and much better food offering than the Spars/Londis', with better range of offers etc.
I think the Co op small store building programme is more about getting business from Spars, Londis, One stop, etc., rather than challenging the big stores like Tesco etc.
We've a Spar shop in our village and it's dire. Very expensive unless you want what they have on offer that week. Also very poor range of fresh fruit & veg, and also pretty poor for tins/packet foods. It's really just an off licence that sells bits of other things. Loads of village OAPs shop there and say it's very expensive and limiting for them. Parking is also a pain as you have to park on the main street which is already narrow and congested.
A Co-op is being built and we can't wait. They've already built one in a village a few miles away and one in a small town near us. Each has a decent sized car park, and much better food offering than the Spars/Londis', with better range of offers etc.
I think the Co op small store building programme is more about getting business from Spars, Londis, One stop, etc., rather than challenging the big stores like Tesco etc.
michaelh
Member
There is a Tesco Express and a similarly sized and stocked Sainsbury's both within 100 yards of Worcester Foregate St Station. I'm sure that they do well from commuters getting off the train.
That’s funny as our co-op is cheaper for milk than Tesco Express! (For the 4 pint option).
cactustwirly
Established Member
Mine was £1.45 for 4 pints, whereas it was £1.10 in Tesco Express
I pay £1!
DaleCooper
Established Member
I don't look at the price: I'm in Tesco Metro, I need milk, I buy it.
I know lots of people do this. But I will never understand people who pay for anything without looking at the price!
michaelh
Member
I buy skimmed milk (4 pints) usually from Morrisons, sometimes from Waitrose and occasionally from Lidl. They're all around the £1.10 mark
Jamesrob637
Established Member
- Joined
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Exactly. For 1 or 2 things now and then you're looking at pennies. But I'd never do my main shop there, good deals as my local Co-op can sometimes have.
DaleCooper
Established Member
Supercuts - how can a hairdressers get into that position? I thought they were as indispensable as undertakers.
https://www.bbc.co.uk/news/business-50175587
https://www.bbc.co.uk/news/business-50175587
bramling
Veteran Member
Ha ha ha! I know what you’re saying, however I will laugh to myself next time I’m driving through somewhere like Barnet, Temple Fortune or North Finchley high streets, seeing numerous SUVs being driven a few hundred yards to the local convenience mini-supermarket. Makes me mad the way they just *have* to park right outside the door. Grr!
Well, yes, certain parts of London are a little different.
SteveP29
Member
Are you sure that was a 4 pinter, not a 6?
DaleCooper
Established Member
I would think cactustwirly can tell the difference, 4 pint v 2 litre is an easier mistake to make.