Co-op Chops Prices With £50m Investment
26 January 2018
The Co-op has today (24 January 2018) announced a £50m price investment to cut the cost of everyday food. Some products have been lowered in price by over 40 per cent and, on average, more than 600 products now cost 14 per cent * less.
Co-op fruit, vegetables, bread, fresh meat and ready meals, as well as household brand names have been trimmed, helping shoppers save almost £120 a year on their food bills**.
Over 50 varieties of fruit, vegetables and salad items*** are cheaper. Fairtrade bananas are down 16p to 79p, a whole cucumber has been chopped down 18 percent in price to 45p, baby plum tomatoes cost 77p - down 22p - and a lettuce is 15 percent cheaper.
Ready meals and pizzas have been sliced in price. A cheese and tomato pizza has dropped almost a third to 55p while 29 Co-op ready meals cost almost 25 percent less. These include a sweet and sour chicken egg fried rice or chicken korma with pilau rice meal which can be bought for £2.75 each, down from £3.59****.
Jo Whitfield, Co-op Retail Chief Executive, said: “Many shoppers feel the pinch after Christmas and we are committed to offering our customers value for money and cutting prices to make household budgets go further.
“We are the most visited food retailer on the high street but competition is tight and we want to keep attracting shoppers through the door. Big discounts across fresh food makes it easier for customers to shop healthier as well as fill their cupboards and these price cuts are part of our strategy to make Co-op the UK’s number one convenience retailer.”
She added: “We have the ambition for our stores to be at the heart of local life, bringing communities together and offering our members and customers great quality products when and where they need them.”
Co-op is the only major supermarket to sell 100% fresh British beef, lamb, chicken and pork and uses only British meat in its chilled products, from ready-meals to sandwiches and pork pies*. British produced goods are among those with big savings on price, including beef mince down 50p to £1.89, honey roast ham down from £2 to £1.59 and bacon trimmed by 30p to £2.09.
Earlier this year the Co-op announced plans to open 100 new food stores in 2018.
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