of Highbridge Co-Op store secure as it avoids sell-off to McColl's
future of Highbridge's Co-Op store appears to be safe after the
retailer said this week it is not among 298 shops being sold off
by the firm to McColls in a multi-million pound deal.
had been speculation that the Highbridge store in Southwell Crescent,
pictured, may be included in the sell-off.
£117m deal is part of the Co-ops strategy to focus
on larger stores of more than 3,000 sq ft. The stores to be sold
average about 1,700 sq ft.
the company confirmed to Burnham-On-Sea.com that the Highbridge
store is not on the list
of Co-op stores being sold to McColl's.
supermarket firm has become the most frequently visited food retailer
in the UK with 200 stores opened in the last 24 months, and another
100 store acquisitions planned this year.
Food chief executive Steve Murrells said: "The Co-op Food
business continues to move forward with a clear momentum and purpose
to deliver a compelling and convenient shopping experience for
our millions of customers and members."
announcement is completely in line with our strategy, as these
stores did not allow us to provide a sufficiently compelling own-brand
offer for our members going forwards." Burnham-on-Sea.com
the UKs fourth biggest trade union, says it had been assured
there would be no redundancies in the sale.