Latest news with #ControlledLand)Order2010
Yahoo
10-03-2025
- Business
- Yahoo
Co-op workers gain pay boost in line with UK Real Living Wage
British co-operative Co-op's frontline store employees have agreed to a hourly pay rise to a minimum of £12.60 ($16.27), aligning with the organisation's ongoing pledge to pay staff the country's Real Living Wage. The development comes after a vote conducted among members of the Union of Shop Distributive and Allied Workers (Usdaw). The new wage agreement represent a 27% raise in pay since 2022 - an additional £1,200 annually for full-time customer team members. Co-op's compensation package also features an industry-leading 30% discount on own-brand products for its staff. Co-op operations director Kate McCrae said: "Our store colleagues are at the very heart of the business and we are pleased to be able to provide a reward package that is competitive, above inflation and impactful. This deal reaffirms our ongoing commitment to the Real Living Wage, and ensures Co-op is among the highest food retailers in terms of pay. "We are a growing business, focused on delivering convenience and value for our colleagues, members, customers and communities. We truly value the dedication and hard work of our store teams, and recognise their commitment to bringing to life our co-operative difference in towns, villages and cities all across the UK." The salary for Co-op customer team members will rise in two stages: from £12.00 to £12.30 per hour from 1 April 2025, followed by an additional hike to £12.60 by 1 August - a total increase of 5%. Including paid breaks, this equates to £13.46 per hour for full-timers. For team leaders, wages increase to £13.65 starting 1 April 2025 from £13.32. This will further increase to £13.99 by 1 August. For those working in London, the hourly rate for customer team members will rise from £13.15 to £13.85 by 1 August 2025. London-based team leaders will earn an increase from £14.47 to £15.24. The retailer is continuing to offer comprehensive benefits and support for staff welfare. This includes paid breaks during shifts, annual holiday time ranging from 31 to 38 days for customer team members, and maternity and paternity leave in excess of legal requirements. Usdaw general secretary Paddy Lillis said: "Usdaw has a longstanding and valued relationship with the Co-op and we welcome that the staff pay increase is in line with Real Living Wage rates. Our members are key workers in a business that delivers an essential service in our communities and it is only right they are fairly rewarded with a living wage." In February 2025, Co-op acknowledged a total of 107 instances in which it failed to adhere to the Groceries Market Investigation (Controlled Land) Order 2010. "Co-op workers gain pay boost in line with UK Real Living Wage " was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
Co-op admits breaches of competition order and illegal land use
British co-operative group Co-op has acknowledged a total of 107 instances in which it failed to adhere to the Groceries Market Investigation (Controlled Land) Order 2010. The regulation ensures competitive practices by prohibiting illegal agreements regarding land use in the grocery sector. The order was established to prevent supermarkets implementing restrictive measures that could hinder competitors from setting up nearby stores. It also prohibits the use of exclusivity arrangements that restrict landlords from leasing property to competing stores if an incumbent supermarket is already present, particularly when these arrangements extend beyond a five-year duration. Operating 2,400 outlets nationwide, the supermarket entity holds a market share of 5.2% within the UK's grocery market, which is valued at £190.9bn. The UK Competition and Markets Authority (CMA) has expressed concern over the substantial number of violations, indicating a noteworthy lapse in regulatory compliance for an organisation of Co-op's stature. Co-op has rectified 104 of these agreements and committed to address the remaining three. The CMA's mandate is to ensure that supermarkets engage in fair competition, which ultimately provides shoppers with greater choice, access to a broader selection of groceries and lower prices. CMA markets senior director Daniel Turnbull said: "Restrictive agreements by our leading retailers affect competition between supermarkets and impact shoppers trying to get the best deals. 'We know that Co-op has made a considerable effort to amend all their unlawful agreements, given this order has been in place since 2010. Co-op and the other designated retailers must make sure they do the right thing by their customers in the future." The CMA's enforcement of the order against Co-op is part of a broader initiative to maintain competitive conditions within the industry. This has seen similar actions taken against other retailers for breaches of the same order, including Morrisons with 55 breaches in 2023, Waitrose in 2022 with 7 breaches and Tesco in 2020 with 23 breaches The CMA also investigates loyalty pricing strategies and conducting a market study into infant formula markets. "Co-op admits breaches of competition order and illegal land use" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
05-03-2025
- Business
- Yahoo
Co-op unlawfully blocked 100 rival store openings
The Co-op has admitted to unlawfully blocking more than 100 rival supermarkets from opening branches near to its stores. The UK's competition watchdog found Co-op had breached an order which limits supermarkets' ability to prevent nearby land being used by rival retailers. Blocking other grocers from opening nearby hits competition between supermarkets and means shoppers have less choice when trying to get cheaper prices, the Competition and Markets Authority (CMA) said. A spokesperson for Co-op, said: "This is a matter we take very seriously, and we have taken all necessary action to ensure this issue is resolved and does not happen again." The Co-op admitted 107 breaches of the Groceries Market Investigation (Controlled Land) Order 2010. It has re-written 104 agreements and agreed to resolve three others, the CMA said. It released a list of the 107 locations. The Co-op's spokesperson added: "As a business that is committed to operating fairly, we recognise this is extremely disappointing." The Co-op owns almost 2,400 stores across the UK and holds a 5.2% market share in the UK's £190.9bn supermarket industry, according to the CMA. The chain said the number of breaches amounted to "less than 2% of transactions" across its property portfolio, which includes its supermarkets and funeral directors. Many of the UK's biggest supermarkets have also breached the land order in recent years, but not to the extent that Co-op was found to in the CMA's latest action. Tesco 23 breaches in 2020 Waitrose 7 breaches in 2022 Sainsbury's 18 breaches in 2023 Asda 14 breaches in 2023 Morrisons 55 breaches in 2023 Marks and Spencer 10 breaches in 2023 Daniel Turnbull, senior director of markets at the CMA said: "Restrictive agreements by our leading retailers affect competition between supermarkets and impact shoppers trying to get the best deals." The order bans new restrictive covenants which prohibit land being used for a supermarket. It also bans exclusivity arrangements which prevent landlords from allowing stores to compete with an existing supermarket which were over five years long. Sainsbury's and Asda told not to block rival stores Tesco told not to block rival supermarkets
Yahoo
05-03-2025
- Business
- Yahoo
Co-op unlawfully blocked 100 rival store openings
The Co-op has admitted to unlawfully blocking more than 100 rival supermarkets from opening branches near to its stores. The UK's competition watchdog found Co-op had breached an order which limits supermarkets' ability to prevent nearby land being used by rival retailers. Blocking other grocers from opening nearby hits competition between supermarkets and means shoppers have less choice when trying to get cheaper prices, the Competition and Markets Authority (CMA) said. A spokesperson for Co-op, said: "This is a matter we take very seriously, and we have taken all necessary action to ensure this issue is resolved and does not happen again." The Co-op admitted 107 breaches of the Groceries Market Investigation (Controlled Land) Order 2010. It has re-written 104 agreements and agreed to resolve three others, the CMA said. It released a list of the 107 locations. The Co-op's spokesperson added: "As a business that is committed to operating fairly, we recognise this is extremely disappointing." The Co-op owns almost 2,400 stores across the UK and holds a 5.2% market share in the UK's £190.9bn supermarket industry, according to the CMA. The chain said the number of breaches amounted to "less than 2% of transactions" across its property portfolio, which includes its supermarkets and funeral directors. Many of the UK's biggest supermarkets have also breached the land order in recent years, but not to the extent that Co-op was found to in the CMA's latest action. Tesco 23 breaches in 2020 Waitrose 7 breaches in 2022 Sainsbury's 18 breaches in 2023 Asda 14 breaches in 2023 Morrisons 55 breaches in 2023 Marks and Spencer 10 breaches in 2023 Daniel Turnbull, senior director of markets at the CMA said: "Restrictive agreements by our leading retailers affect competition between supermarkets and impact shoppers trying to get the best deals." The order bans new restrictive covenants which prohibit land being used for a supermarket. It also bans exclusivity arrangements which prevent landlords from allowing stores to compete with an existing supermarket which were over five years long. Sainsbury's and Asda told not to block rival stores Tesco told not to block rival supermarkets
BBC News
05-03-2025
- Business
- BBC News
Co-op admits unlawfully blocking 100 rival store openings
The Co-op has admitted to unlawfully blocking more than 100 rival supermarkets from opening branches near to its UK's competition watchdog found Co-op had breached an order which limits supermarkets' ability to prevent nearby land being used by rival other grocers from opening nearby hits competition between supermarkets and means shoppers have less choice when trying to get cheaper prices, the Competition and Markets Authority (CMA) said.A spokesperson for Co-op, said: "This is a matter we take very seriously, and we have taken all necessary action to ensure this issue is resolved and does not happen again." The Co-op admitted 107 breaches of the Groceries Market Investigation (Controlled Land) Order 2010. It has re-written 104 agreements and agreed to resolve three others, the CMA said. It released a list of the 107 Co-op's spokesperson added: "As a business that is committed to operating fairly, we recognise this is extremely disappointing." The Co-op owns almost 2,400 stores across the UK and holds a 5.2% market share in the UK's £190.9bn supermarket industry, according to the chain said the number of breaches amounted to "less than 2% of transactions" across its property portfolio, which includes its supermarkets and funeral directors. Many of the UK's biggest supermarkets have also breached the land order in recent years, but not to the extent that Co-op was found to in the CMA's latest 23 breaches in 2020Waitrose 7 breaches in 2022Sainsbury's 18 breaches in 2023Asda 14 breaches in 2023Morrisons 55 breaches in 2023Marks and Spencer 10 breaches in 2023 Daniel Turnbull, senior director of markets at the CMA said: "Restrictive agreements by our leading retailers affect competition between supermarkets and impact shoppers trying to get the best deals."The order bans new restrictive covenants which prohibit land being used for a supermarket. It also bans exclusivity arrangements which prevent landlords from allowing stores to compete with an existing supermarket which were over five years long.
