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Co-Op to Open New Store in North London Amid Cyber Attack Recovery
The Co-op will open 51 new or refurbished stores in the UK before Christmas, investing over £200 million while recovering from a cyber attack that cut earnings by £120 million.
- On Monday, the Co-op Group said it will open 51 new and transformed UK stores before Christmas, including 14 new sites at Brent Cross Town, London, and Lancaster University.
- Recovering from a major hack, Co-op pressed ahead with openings after a cyber attack that left bare shelves and impacted sales by about 206 million, urging the Government for reform ahead of the autumn Budget.
- Investment of more than £200,000,000 will fund openings that push the 2024/25 total beyond 200 sites.
- Refurbished sites will re-open with refreshed layouts and updated ranges after lengthy closures, offering member price savings, parcel collection, and rapid delivery via partners Just Eat, Deliveroo and Uber Eats.
- The April hack, which involved impersonating workers and copying a file, is expected to knock annual earnings by around £206,000,000, though hackers failed to deploy ransomware.
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Co-Operative Bank to open 50 stores before Christmas: 'We believe in the high street!'
The Co-Operative is set to either open or refurbish 50 stores as part of a major supermarket overhaul despite the financial damage resulting from the company's security breach
·London, United Kingdom
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Coverage Details
Total News Sources23
Leaning Left4Leaning Right1Center14Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
L 21%
C 74%
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