the co-op
Mutual retailer, the Co-operative Group has today announced that it is prepared to fight like for like with the UK’s top supermarket chains for a share of the public festive season spend, by introducing price cuts and savings that they say are worth £200 million customers.
As the silly season is practically upon us the Co-op has stepped out of the shadows of some of its bigger rivals following recent proposals from Tesco to offer customers savings of £250 million over the Christmas period and rival Asda predicting the most competitive Christmas for a decade.
As well as cutting prices Co-op has another string to its bow for customers by including their first ever triple dividend payment.
Normally Co-op members earn one point for every pound spent in food stores and each year the value of a membership point is determined by how much profit the group makes.
For the last annual payment, the value of a point was set at 2 pence. On this basis, a triple dividend would be worth 6 pence in the pound.
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