Major supermarket chain Co-op to open 50 shops in next six weeks
The Co-op has said it is pushing forward with a raft of new stores and refurbishments as it bounces back from a damaging cyber-attack (Alamy/PA)
Co-op plans to open or reopen 50 stores by Christmas, contributing to over 200 new or refurbished sites this financial year.
The retailer is investing more than £200 million into its retail estate, including 14 new stores and extensive refurbishments.
New locations will include micro-format 'on the go' stores and a franchise at Lancaster University, alongside its first permanent store at Brent Cross Town.
This expansion follows a significant cyber attack in April, which is projected to reduce annual earnings by £120 million and impacted sales by £206 million.
Co-op is calling on the government to reform business rates ahead of the autumn Budget, emphasising its importance for high street investment and growth.