The chief executive of The Co-operative’s food business has said the troubled brand can undergo a “renaissance” by leading a new space race into small convenience stores.
Steve Murrells said the Co-op is undergoing a “transformation” as it closes large stores and invests in modernising and opening small convenience stores.
In an interview with the Telegraph, Mr Murrells said a rise in sales at convenience stores and a slump at supermarkets had sparked a new race among grocers to snap up the best sites for small stores.
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