Meeting the Needs of Modern Shoppers

  • Co-op launches 24-hour online grocery delivery service
  • Service to be available in London, Leeds and Manchester stores
  • Groceries delivered via Just Eat, Deliveroo and Uber Eats partners
  • Extends online availability in over 1,600 stores
  • Targets one-third share of quick commerce market
  • 40% of customers willing to use late-night delivery service
  • 80% UK population has access to Co-op products

The Co-op is introducing a 24/7 online grocery delivery service to cater to the growing demand for rapid deliveries. The initiative will be available in London, Leeds, and Manchester stores, with more than 1,600 additional locations extending their operating hours. The supermarket aims to capture one-third of the quick commerce market by focusing on convenience and ease. Research shows that 40% of customers would use late-night delivery services if available, with Gen Z shoppers leading the trend.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Co-op’s new 24-hour online grocery delivery service, including details on the launch locations, partnership with ecommerce partners, and the reasoning behind the move based on customer demand. It also mentions Tesco’s recent expansion into online grocery initiatives. However, it includes a brief mention of Aldi without providing any context or information about its relevance to the main topic.
Noise Level: 3
Noise Justification: The article provides relevant information about Co-op’s new 24-hour online grocery delivery service and its expansion strategy to meet customer demand. It also mentions Tesco’s recent move in the same market. However, it lacks in-depth analysis or exploration of long-term trends and consequences of these decisions on various stakeholders.
Financial Relevance: Yes
Financial Markets Impacted: The article mentions Co-op’s expansion of online grocery delivery services and Tesco’s new online grocery initiative, which could impact the financial performance of these companies.
Financial Rating Justification: The article discusses changes in the grocery industry, specifically the expansion of online delivery services by major supermarket chains like Co-op and Tesco. This can have an impact on their financial performance and market share, making it financially relevant.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailgazette.co.uk