The Co-operative announces new city centre Food store in Glasgow
The Co-operative Group has announced plans to open a new flagship food store in Glasgow city centre.
It has agreed a deal to relocate its existing small convenience store, at 403 Sauchiehall Street, to a new larger unit at 143 Sauchiehall Street.
Existing staff will transfer to the new store, and a number of new jobs will be created. The new store is scheduled to open in December and will have a sales area of around 3,000 sq ft.
Brian Lochrie, Regional Acquisitions Manager for The Co-operative Food, said: “A new larger store in such a busy part of the city centre is a great boost for The Co-operative Food, and will complement our existing outlets in Glasgow. We’re looking forward to serving even more city centre shoppers, and are confident the new store will be an asset to Glasgow.”
David Simmons, Director of Jones Lang LaSalle, who acted as agents for The Co-operative Food, said: “143 Sauchiehall Street will fulfil The Co-operative Food’s desire for a large flagship store in one of the busiest retail areas in Glasgow. Although Sauchiehall Street has suffered, like many, during the economic downturn with increasing vacancies, the street retains an impressively high level of footfall.”
The Co-operative, which has nearby stores in Union Street and George Street, is owned by its members, who have a say in how the business is run and who each receive a share of profits, which they can choose to keep, or to donate all or part to local good causes.
The current, smaller, Co-operative Food store in Sauchiehall Street is being sold to an independent retailer.
The Co-operative Group is the UK’s largest mutual business, owned not by private shareholders but by over seven million consumers. It is Scotland’s fourth biggest food retailer, and the leading convenience store operator, with more than 370 food stores, covering an area from Shetland in the north to Annan in the south.
The Group is also a major financial services provider, operating The Co-operative Bank and The Co-operative Insurance. It is Scotland’s number one funeral services provider, a major pharmacy chain, and one of Britain’s largest farming operations.
As well as having clear financial and operational objectives, the Group has also set out its social and sustainability goals in its groundbreaking Ethical Plan, which specifies over 50 commitments in these areas.
Further information is available at www.co-operative.coop
Assistant PR Manager - Regions
The Co-operative Group
07834 090 014